Lehman Brothers plans principal protection notes linked to S&P 500

By Laura Lutz

Des Moines, Nov. 7 - Lehman Brothers Holdings Inc. plans to price zero-coupon 100% principal protection notes due November 2014 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any gain on the index times a participation rate that is expected to be between 106% and 109%. The exact participation rate will be set at pricing.

Investors will receive at least par.

The notes are expected to price and settle in November.

Lehman Brothers Inc. is the agent.

© 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.