New Issue: Lehman prices $2.5 million 0% notes linked to currency basket

By Angela McDaniels

Seattle, Feb. 23 - Lehman Brothers Holdings Inc. priced a $2.5 million offering of 0% principal-protected notes due Aug. 28, 2008 linked to a basket of currencies, according to an FWP filing with the Securities and Exchange Commission.

The basket includes the Japanese yen with a 16.67% weight, Chinese yuan with a 16.67% weight, Singapore dollar with a 16.67% weight, South Korean won with a 16.67% weight, Taiwanese dollar with a 16.66% weight, Indonesian rupiah with a 16.66% weight and the dollar with a negative 100% weight.

The payout at maturity will be par plus 145% of any gain on the basket. Investors will receive at least par.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Principal-protected notes
Underlying basket:	Japanese yen (16.67% weight), Chinese yuan (16.67% weight), Singapore dollar (16.67% weight), South Korean won (16.67% weight), Taiwanese dollar (16.66% weight), Indonesian rupiah (16.66% weight), dollar (negative 100% weight)
Amount:	$2.5 million
Maturity:	Aug. 28, 2008
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 145% of any basket gain, floor of par
Pricing date:	Feb. 22
Settlement date:	Feb. 28
Underwriter:	Lehman Brothers Inc.

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