By E. Janene Geiss
Philadelphia, March 20 - Lehman Brothers Holdings Inc. increased to $7 million its issue of notes due March 28, 2017 linked to Libor and the BMA municipal swap rate, according to an FWP filing with the Securities and Exchange Commission.
The deal was priced at a size of $5 million on March 6.
The notes will pay 8% annually, plus 10 multiplied by the spread of 65% of adjusted three-month Libor minus the average BMA rate. The minimum rate will be 0%.
Interest will be payable semiannually.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Index spread notes
|
| Amount: | $7 million
|
| Maturity: | March 28, 2017
|
| Coupon: | 8% annually plus 10 multiplied by the spread of 65% of adjusted three-month Libor minus the average BMA municipal swap rate; floor of 0%
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | March 6
|
| Settlement date: | March 28
|
| Underwriter: | Lehman Brothers Inc.
|
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