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Lehman to price 0% buffered return enhanced notes linked to LBCI Pure Beta Excess Return
By E. Janene Geiss
Philadelphia, Dec. 10 - Lehman Brothers Holdings Inc. plans to price three-year 0% buffered return enhanced notes linked to the LBCI Pure Beta Excess Return, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus a participation rate that will be determined at pricing and expected to be 115% to 125%.
If the basket declines by 15% or less, the payout will be par. Investors will lose 1% for every 1% the basket declines beyond a 15% decline.
Pricing and settlement dates for the notes will be determined.
Lehman Brothers Inc. will be the underwriter.
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