By Jennifer Chiou
New York, Nov. 21 - Lehman Brothers Holdings Inc. priced an additional $1.17 million of notes to upsize the offering of zero-coupon 100% principal-protected dual participation notes due Nov. 14, 2012 linked to the price of crude oil, according to an FWP filing with the Securities and Exchange Commission.
The additional notes bring the total amount of the offering to $5.51 million. The issue was originally priced on Nov. 7 at $3.96 million, with a $380,000 add-on priced on Nov. 15.
If the price of crude oil increases, the payout at maturity will be par plus 1.5% for each 1% increase. If the price of crude oil decreases, the payout will be par plus 0.5% for each 1% decline.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | 100% principal-protected dual participation notes
|
| Underlying commodity: | Crude oil
|
| Amount: | $5.51 million, up from $3.96 million
|
| Maturity: | Nov. 14, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any crude oil price increase; par plus 50% of the absolute value of any crude oil price decrease
|
| Initial crude oil price: | $96.37 per barrel
|
| Pricing date: | Nov. 7 for original notes; Nov. 21 for reopening
|
| Settlement date: | Nov. 14 for original notes; Nov. 27 for reopening
|
| Underwriter: | Lehman Brothers Inc.
|
| Fees: | 3%
|
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