New Issue: Lehman prices $250,000 notes linked to metals basket

By E. Janene Geiss

Philadelphia, Feb. 27 - Lehman Brothers Holdings Inc. priced a $250,000 offering of 0% principal-protected notes due March 1, 2009 linked to equal weights of grade A copper, primary nickel and special high-grade zinc, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any positive return on the basket multiplied by 75%, the participation rate. Investors will receive at least par.

Lehman Brothers Inc. is underwriter.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Principal-protected notes
Underlying basket:	Equal weights of grade A copper, primary nickel, special high-grade zinc
Amount:	$250,000
Maturity:	March 1, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 75% of any basket gain, floor of par
Initial prices:	Copper: $5,875, nickel: $42,700, zinc: $3,470
Pricing date:	Feb. 22
Settlement date:	March 1
Underwriter:	Lehman Brothers Inc.

© 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.