Lehman to price 0% principal-protected notes linked to metals basket

By E. Janene Geiss

Philadelphia, March 2 - Lehman Brothers Holdings Inc. plans to price an offering of 0% three-year principal-protected notes 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 the participation rate, which is expected to be 90% and will be determined at pricing. Investors will receive at least par.

Lehman Brothers Inc. 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.