Published on 11/28/2007 in the Prospect News Structured Products Daily.
New Issue: Lehman prices $1.64 million FX notes linked to five currencies
By Angela McDaniels
Tacoma, Wash., Nov. 28 - Lehman Brothers Holdings Inc. priced $1.64 million of 0% Foreign Exchange notes due Nov. 30, 2009 linked to a basket of currencies, according to an FWP filing with the Securities and Exchange Commission.
The basket includes equal weights of the Brazilian real, Russian ruble, Indian rupee, Chinese renminbi and South Korean won.
The payout at maturity will be par plus 250% of any appreciation in the basket relative to the dollar. If the basket remains flat or depreciates relative to the dollar, the payout will be par.
Lehman Brothers Inc. is the underwriter.
Issuer: | Lehman Brothers Holdings Inc.
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Issue: | Foreign Exchange notes
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Underlying currencies: | Brazilian real, Russian ruble, Indian rupee, Chinese renminbi and South Korean won, equally weighted
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Amount: | $1,636,000
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Maturity: | Nov. 30, 2009
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 250% of any basket appreciation relative to the dollar; floor of par
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Pricing date: | Nov. 27
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Settlement date: | Nov. 30
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Underwriter: | Lehman Brothers Inc.
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Fees: | 2.25%
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