By Laura Lutz
Des Moines, Dec. 11 - Lehman Brothers Holdings Inc. priced $5.45 million of 0% buffered return enhanced notes due June 18, 2009 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is at least the initial level, the payout at maturity will be par plus 200% of any gain on the index, capped at a maximum return equal to 123% of par.
If the index declines by up to 10%, the payout will be par. Investors will lose 1.1111% for each 1% that the index declines beyond 10%.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Buffered return enhanced notes
|
| Underlying index: | S&P 500
|
| Amount: | $5.45 million
|
| Maturity: | June 18, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at 123% of par; par if index declines by up to 10%; investors lose 1.1111% for each 1% that index declines beyond 10%
|
| Initial level: | 1,504.66
|
| Pricing date: | Dec. 7
|
| Settlement date: | Dec. 18
|
| Underwriter: | Lehman Brothers Inc.
|
| Fees: | 1%
|
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