Lehman Brothers to price buffered enhanced participation notes linked to S&P 500

By Laura Lutz

Washington, Feb. 22 - Lehman Brothers Holdings Inc. plans to price an issue of 0% buffered principal-at-risk enhanced participation notes due Aug. 28, 2010 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 101.5% of any positive return on the index. Investors will lose 1% for each 1% that the index drops beyond 15%.

The notes are expected to price on Feb. 23 and settle on Feb. 28.

Lehman Brothers will be the underwriter.

© 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.