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Lehman to price 0% buffered return enhanced notes linked to Nikkei 225
By Jennifer Chiou
New York, March 6 - Lehman Brothers Holdings Inc. plans to price 0% buffered return enhanced notes due Sept. 14, 2008 linked to the Nikkei 225 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will price on March 9 and settle on March 14.
The payout at maturity will be par plus double any positive return on the index up to a maximum return that will be at least 26% and will be set at pricing. Investors will receive par if the index declines by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
Lehman Brothers Inc. will be the underwriter.
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