New Issue: Lehman prices $7.58 million FX notes linked to Asian currency basket

By E. Janene Geiss

Philadelphia, Dec. 18 - Lehman Brothers Holdings Inc. priced a $7,582,000 issue of 100% principal-protected foreign exchange notes due Dec. 23, 2009 linked to a basket of five Asian currencies, according to an FWP filing with the Securities and Exchange Commission.

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

If the basket performance is positive, the payout at maturity will be par plus 185% 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 Chinese renminbi, Indonesia rupiah, Indian rupee, Singapore dollar and Malaysian ringgit
Amount:	$7,582,000
Maturity:	Dec. 23, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 185% any appreciation on the basket; floor of par
Initial exchange rates:	7.3790 for renminbi, 9374 for rupiah, 39.37 for rupee, 3.3317 for ringgit, 1.4532 for Singapore dollar
Pricing date:	Dec. 17
Settlement date:	Dec. 21
Underwriter:	Lehman Brothers Inc.
Fees:	1.5%

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