New Issue: Lehman upsizes FX notes linked to Asian currency basket to $21.43 million

By Jennifer Chiou

New York, Nov. 21 - Lehman Brothers Holdings Inc. reopened its issue of 100% principal-protected foreign exchange notes due Nov. 16, 2009 linked to a basket of five currencies, adding another $500,000 of notes, according to an FWP filing with the Securities and Exchange Commission.

The original $20.93 million of notes priced on Nov. 8. The total amount of notes priced is now $21.43 million.

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

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

Lehman Brothers Inc. is the underwriter.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	100% principal-protected foreign exchange notes
Underlying currencies:	Equal weights of spot exchange rates against U.S. dollar of Chinese renminbi, Indonesian rupiah, Indian rupee, Singapore dollar and Malaysian ringgit
Amount:	$21,433,000, upsized from $20,933,000
Maturity:	Nov. 16, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 215% of any basket appreciation; floor of par
Initial exchange rates:	7.4251 for renminbi; 9,107 for rupiah; 39.34 for rupee; 3.3328 for Singapore dollar; 1.4446 for ringgit
Pricing date:	Nov. 8 for original $20,933,000; Nov. 21 for reopened notes
Settlement date:	Nov. 15 for original $20,933,000; Nov. 26 for reopened notes
Underwriter:	Lehman Brothers Inc.
Fees:	0.9%

© 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.