By E. Janene Geiss
Philadelphia, Feb. 2 - Lehman Brothers Holdings Inc. upsized to $10 million its issue of 15-year non-inversion notes due Feb. 15, 2022 non-callable for three months, according to an FWP filing with the Securities and Exchange Commission.
The issue was increased from $5 million.
The notes will pay interest quarterly at an annual rate of 8.7% multiplied by the proportion of days on which the 30-year CMS (constant maturity swap) rate is higher than the two-year CMS rate.
The notes are callable at par on interest payment dates beginning May 15, 2007.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | 15-year non-inversion notes
|
| Amount: | $10 million
|
| Maturity: | Feb. 15, 2022
|
| Coupon: | 8.7% multiplied by proportion of days on which the 30-year CMS rate is higher than the two-year CMS rate
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Callable: | At par on interest payment dates beginning May 15, 2007
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 15
|
| Agent: | Lehman Brothers Inc.
|
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