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

By Angela McDaniels

Seattle, March 7 - Lehman Brothers Holdings Inc. plans to price an offering of zero-coupon principal-protected notes due March 31, 2011 linked to a basket of indexes, according to an FWP filing with the Securities and Exchange Commission.

The basket will include the S&P 500 index with a 33.34% weight, the Dow Jones Euro Stoxx index with a 33.33% weight and the Nikkei 225 index with a 33.33% weight.

The payout at maturity will be par of $10 plus the basket return multiplied by the participation rate, which is expected to be between 100% and 110% and will be determined at pricing. Investors will receive at least par.

The notes will price on March 23 and settle on March 30.

UBS Financial Services Inc. and Lehman Brothers Inc. will be the underwriters and will receive a discount of 3%.

© 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.