By E. Janene Geiss
Philadelphia, Nov. 20 - Lehman Brothers Holdings Inc. priced an additional $3 million of range notes due Dec. 5, 2022 linked to six-month Libor, according to an FWP filing with the Securities and Exchange Commission.
The notes bring the total offering to $5 million. The issue initially priced Nov. 14 at $2 million.
Interest is payable quarterly and equals 9.25% per year multiplied by the proportion of days on which six-month Libor is at least 0% and not more than 7%.
The notes are callable on any interest payment date beginning March 5, 2008.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Range notes
|
| Amount: | $5 million, up from $2 million initially
|
| Maturity: | Dec. 5, 2022
|
| Coupon: | 9.25% per year multiplied by the proportion of days on which six-month Libor is at least 0% and not more than 7%; payable quarterly
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Call: | On interest payment dates beginning March 5, 2008
|
| Pricing date: | Nov. 14
|
| Settlement date: | Dec. 5
|
| Underwriter: | Lehman Brothers Inc.
|
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