New Issue: Lehman upsizes to $1.12 million FX notes linked to Asian currency basket

By Jennifer Chiou

New York, Dec. 10 - Lehman Brothers Holdings Inc. priced an additional $77,000 of 100% principal-protected foreign exchange notes due Dec. 7, 2009 linked to a basket of five currencies, according to an FWP filing with the Securities and Exchange Commission.

The add-on brings the total offering to $1.12 million. The notes originally priced Nov. 29 at $842,000 with a $200,000 add-on priced on Nov. 30.

The equally weighted basket consists of the spot exchange rates against the dollar of the Indonesia rupiah, Indian rupee, South Korean won, Singapore dollar and Malaysian ringgit.

If the basket performance is positive, the payout at maturity will be par plus 290% of the appreciation on the basket. If the basket value is zero or less, investors will receive par.

Lehman Brothers Inc. is the underwriter.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Foreign Exchange notes
Underlying exchange rates:	Equal weights of spot exchange rates against dollar of Indonesia rupiah, Indian rupee, South Korean won, Singapore dollar and Malaysian ringgit
Amount:	$1,119,000 (up from $842,000)
Maturity:	Dec. 7, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 290% any appreciation on the basket; floor of par
Initial exchange rates:	929.90 for won, 9378 for rupiah, 39.77 for rupee, 3.3712 for ringgit, 1.4474 for Singapore dollar
Pricing date:	Nov. 29 for initial offering; Nov. 30 for $200,000; Dec. 6 for $77,000
Settlement date:	Dec. 5 for $1,042,000; Dec. 12 for $77,000
Underwriter:	Lehman Brothers Inc.
Fees:	1.3%

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