Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers L > Headlines for Lehman Brothers Holdings Inc. > News item |
Lehman to price FX notes linked to basket of Latin American currencies
By E. Janene Geiss
Philadelphia, Dec. 7 - Lehman Brothers Holdings Inc. plans to price 0% foreign exchange principal-protected notes due Jan. 11, 2010 linked to a basket of currencies, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of equal weights of the Brazilian real, Argentine peso, Mexican peso and Chilean peso.
The payout at maturity will be par plus any appreciation in the basket currencies versus the dollar multiplied by the leverage amount, which is expected to be 275% and will be determined at pricing. If the basket currencies remain flat or depreciate relative to the dollar, the payout will be par.
The notes will price on Jan. 7 and settle on Jan. 11.
Lehman Brothers Inc. will be the underwriter.
© 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.