New Issue: Lehman prices $2.02 million FX notes linked to BRIC currency basket

By Angela McDaniels

Tacoma, Wash., Nov. 29 - Lehman Brothers Holdings Inc. priced $2.02 million of 0% FX basket-linked notes due Nov. 30, 2009 linked to four currencies, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of the Brazilian real, Russian ruble, Indian rupee and Chinese renminbi.

The payout at maturity will be par plus 280% of any basket appreciation 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.
Issue:	FX basket-linked notes
Underlying currencies:	Brazilian real, Russian ruble, Indian rupee and Chinese renminbi, equally weighted
Amount:	$2.02 million
Maturity:	Nov. 30, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 280% of any basket appreciation versus the dollar; floor of par
Initial exchange rates:	1.8501 reais per dollar, 24.3242 rubles per dollar, 39.85 rupees per dollar, 7.3872 renminbi per dollar
Pricing date:	Nov. 27
Settlement date:	Nov. 30
Underwriter:	Lehman Brothers Inc.
Fees:	1.3%

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