By Jennifer Chiou
New York, Dec. 14 - Lehman Brothers Holdings Inc. priced an additional $2 million of range notes due Jan. 3, 2023 linked to six-month Libor, according to an FWP filing with the Securities and Exchange Commission.
The notes bring the total offering to $7 million. The issue initially priced on Dec. 10 with $5 million of notes.
Interest is payable quarterly and equals 9.25% per year multiplied by the proportion of days on which six-month Libor is at least 0% and not more than 7%.
The notes are callable at par on any interest payment date beginning April 3, 2008.
Lehman Brothers Inc. is the underwriter.
Issuer: | Lehman Brothers Holdings Inc.
|
Issue: | Range notes
|
Amount: | $7 million, upsized from $5 million
|
Maturity: | Jan. 3, 2023
|
Coupon: | 9.25% per year multiplied by the proportion of days on which six-month Libor is at least 0% and not more than 7%; payable quarterly
|
Price: | Variable
|
Payout at maturity: | Par
|
Call: | At par on interest payment dates beginning April 3, 2008
|
Pricing date: | Dec. 10 for original notes; Dec. 14 for $2 million
|
Settlement date: | Jan. 3
|
Underwriter: | Lehman Brothers Inc.
|
Fees: | 1.2%
|
© 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.