By Jennifer Chiou
New York, Nov. 15 - Lehman Brothers Holdings Inc. priced $10 million of range notes due Nov. 29, 2013 linked to six-month Libor, according to an FWP filing with the Securities and Exchange Commission.
Interest is payable semiannually and equals 8.21% per year multiplied by the proportion of days on which six-month Libor is at least 0% and not more than 6%.
The notes are callable on any interest payment date beginning May 29, 2008.
Lehman Brothers Inc. is the underwriter.
Issuer: | Lehman Brothers Holdings Inc.
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Issue: | Range notes
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Underlying rate: | Six-month Libor
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Amount: | $10 million
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Maturity: | Nov. 29, 2013
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Coupon: | 8.21% per year multiplied by the proportion of days on which six-month Libor is at least 0% and not more than 6%; payable semiannually
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Price: | Par
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Payout at maturity: | Par
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Call: | On interest payment dates beginning May 29, 2008
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Pricing date: | Nov. 15
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Settlement date: | Nov. 29
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Underwriter: | Lehman Brothers Inc.
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Fees: | None
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