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 protected participation notes linked to nine commodities
By Susanna Moon
Chicago, Nov. 9 - Lehman Brothers Holdings Inc. plans to price zero-coupon 100% principal-protected enhanced participation notes due Nov. 30, 2010 linked to a commodity basket, according to an FWP filing with the Securities and Exchange Commission.
The basket contains light sweet crude oil weighted at 20%, No. 2 fuel heating oil weighted at 10%, grade A copper weighted at 10%, primary nickel weighted at 10%, special high-grade zinc weighted at 10%, gold weighted at 10%, platinum weighted at 10%, No. 2 yellow corn weighted at 10% and No. 2 wheat weighted at 10%.
The payout at maturity will be par plus at least 115% of any basket gain, with the exact participation rate to be set at pricing. Investors will receive at least par.
The issue is expected to price on Nov. 26 and settle on Nov. 30.
Lehman Brothers Inc. is 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.