New Issue: Lehman prices $53.03 million principal protection notes linked to Asian currencies

By Laura Lutz

Des Moines, Nov. 29 - Lehman Brothers Holdings Inc. priced $53.03 million of zero-coupon 100% principal protection notes due Nov. 30, 2009 linked to a basket of Asian currencies, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of equal weights of the Chinese renminbi, the Indonesian rupiah, the Indian rupee and the Philippine peso, all relative to the dollar.

At maturity, investors will receive par plus 205% of any increase in the basket. Investors will receive at least par.

UBS Financial Services Inc. and Lehman Brothers Inc. are the underwriters.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	100% principal protection notes
Underlying basket:	Equal weights of Chinese renminbi, Indonesian rupiah, Indian rupee and Philippine peso, all against dollar
Amount:	$53,027,100
Maturity:	Nov. 30, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 205% of any basket gain; floor of par
Pricing date:	Nov. 27
Settlement date:	Nov. 30
Underwriter:	UBS Financial Services Inc.; Lehman Brothers Inc.
Fees:	2%

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