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 0% buffered return enhanced notes linked to Russell Top 200, iShares Russell Midcap
By Jennifer Chiou
New York, Oct. 31 - Lehman Brothers Holdings Inc. plans to price 0% buffered return enhanced notes linked to the Russell Top 200 index and the iShares Russell Midcap Growth Fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 108% to 113% of any basket gain, with the exact participation rate to be set at pricing.
The payout will be par if there is up to a 25% decline in the index. Beyond a 25% drop, investors will lose 1% for each 1% loss in the index.
No timing for completion of the offering was disclosed.
Lehman Brothers Inc. will be the underwriter.
© 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.