New Issue: Lehman prices $20.93 million FX notes linked to Asian currency basket

By E. Janene Geiss

Philadelphia, Nov. 9 - Lehman Brothers Holdings Inc. priced a $20,933,000 issue of 100% principal-protected foreign exchange notes due Nov. 16, 2009 linked to a basket of five currencies, according to an FWP filing with the Securities and Exchange Commission.

The equally weighted basket consists of the spot exchange rates against the dollar of the Chinese renminbi, Indonesiah rupiah, Indian rupee, Singapore dollar and the Malaysian ringgit.

If the basket performance is positive, the payout at maturity will be par plus 215% of the appreciation on the basket. If the basket value is zero or less, investors will receive par.

Lehman Brothers Inc. is the underwriter.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Foreign Exchange notes
Underlying exchange rates:	Equal weights of spot exchange rates against dollar of Chinese renminbi, Indonesian rupiah, Indian rupee, Singapore dollar and Malaysian ringgit
Amount:	$20,933,000
Maturity:	Nov. 16, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 215% any appreciation on the basket; floor of par
Initial exchange rates:	7.4251 for renminbi, 9107 for rupiah, 39.34 for rupee, 3.3328 for Singapore dollar, 1.4446 for ringgit
Pricing date:	Nov. 8
Settlement date:	Nov. 15
Underwriter:	Lehman Brothers Inc.
Fees:	0.9%

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