Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers L > Headlines for Lehman Brothers Holdings Inc. > News item |
Lehman to price principal protection notes linked to four Asian currencies
By Jennifer Chiou
New York, Oct. 31 - Lehman Brothers Holdings Inc. plans to price zero-coupon 100% principal protection notes with enhanced participation due Nov. 30, 2009 linked to a basket of currencies, according to an FWP filing with the Securities and Exchange Commission.
The basket will include equal weights of the Chinese renminbi, Indonesian rupiah, Indian rupee and Philippine peso.
The payout at maturity will be par plus any appreciation in the basket relative to the U.S. dollar multiplied by a participation rate that will be between 200% and 250% and will be determined at pricing. If the basket remains flat or depreciates relative to the U.S. dollar, the payout will be par.
The notes are expected to price on Nov. 27 and settle on Nov. 30.
UBS Financial Services Inc. and Lehman Brothers Inc. will be the underwriters.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.