Lehman to price principal-protected notes linked to 10 commodities

By E. Janene Geiss

Philadelphia, Dec. 11 - Lehman Brothers Holdings Inc. plans to price zero-coupon principal-protected notes with enhanced participation due Jan. 11, 2011 linked to an equally weighted basket of 10 commodities, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of light sweet crude oil, Brent Crude Oil, No. 2 fuel heating oil, copper - grade A, primary nickel, special high grade zinc, coffee robusta, cocoa, class III milk and No. 2 wheat.

The notes are expected to price Jan. 7 and settle Jan. 11.

The payout at maturity will be par plus the return on the basket multiplied by a participation rate of at least 110%. The exact participation rate will be determined at pricing. Investors will receive at least par.

The notes are expected to price Jan. 7 and settle Jan. 11

Lehman Brothers Inc. will be the underwriter.

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