Published on 10/30/2007 in the Prospect News Structured Products Daily.
New Issue: Lehman prices $2.67 million return optimization securities linked Nikkei 225
By E. Janene Geiss
Philadelphia, Oct. 30 - Lehman Brothers Holdings Inc. priced $2,666,260 of 0% return optimization securities due April 30, 2009 linked to the Nikkei 225 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus five times any basket gain, subject to a maximum return of 33.50%. Investors will be fully exposed to any index decline.
UBS Financial Services Inc. and Lehman Brothers Inc. are the underwriters.
Issuer: | Lehman Brothers Holdings Inc.
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Issue: | Return optimization securities
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Underlying index: | Nikkei 225
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Amount: | $2,666,260
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Maturity: | April 30, 2009
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus five times any basket gain, capped at maximum return of 33.50%; 1% loss for each 1% basket decline
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Pricing date: | Oct. 26
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Settlement date: | Oct. 31
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Underwriters: | UBS Financial Services Inc. and Lehman Brothers Inc.
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Fees: | 1.75%
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