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Lehman to issue protected oil-linked dual participation notes
By Jennifer Chiou
New York, Oct. 31 - Lehman Brothers Holdings Inc. plans to price 100% principal-protected dual participation notes linked to the price of light sweet crude oil, according to an FWP filing with the Securities and Exchange Commission.
Payout at maturity will be par plus 100% to 150% of any increase in the price of crude oil. If the price declines, investors will receive par plus 50% of the absolute value of the return.
No timing for the completion of the offering was disclosed.
Lehman Brothers Inc. will be the underwriter.
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