New Issue: Lehman prices $1.37 million Range Notes linked to six-month Libor

By Jennifer Chiou

New York, Feb. 8 - Lehman Brothers Holdings Inc. priced a $1.37 million issue of Range Notes due Feb. 22, 2022 linked to six-month Libor, according to an FWP filing with the Securities and Exchange Commission.

The notes will bear interest at 7.7% for each day during the interest period that six-month Libor is equal to or greater than 0% and equal to or less than 7%. Interest is payable quarterly.

The notes will be callable on each interest payment date beginning Feb. 22, 2008.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Range Notes
Amount:	$1.37 million
Maturity:	Feb. 22, 2022
Coupon:	7.7% for each day six-month Libor stays within the specified range; payable quarterly
Reference range:	0% to 7%, inclusive
Price:	Par
Callable:	On interest payment dates beginning Feb. 22, 2008
Payout at maturity:	Par plus accrued interest
Pricing date:	Feb. 8
Settlement date:	Feb. 22
Underwriter:	Lehman Brothers Inc.

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