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 0% notes linked to Asian appreciation basket
By Jennifer Chiou
New York, Nov. 20 - Lehman Brothers Holdings Inc. plans to price zero-coupon FX notes due Jan. 4, 2010 linked to an Asian appreciation basket, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of equal weights (20%) of the Chinese renminbi, Indonesian rupiah, Indian rupee, Singapore dollar and Malaysian ringgit.
If the basket has appreciated relative to the dollar, the payout will be par multiplied by a leverage percentage expected to be 200%.
If the basket level has depreciated relative to the dollar, payout will be par.
The notes will price on Dec. 27 and settle on Jan. 2.
Lehman Brothers Inc. will be 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.