By Angela McDaniels
Seattle, March 29 - Lehman Brothers Holdings Inc. priced a $16 million offering of zero-coupon principal-protected notes due March 30, 2009 linked to equal weights of the dollar/yen exchange rate and the Nikkei 225 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be determined based on the performance of the basket, i.e. whether the index level increases or decreases and whether the number of yen per dollar increases or decreases.
The payout will be par plus any percentage increase in the basket level. Investors will receive at least par.
Lehman Brothers Inc. is underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Principal-protected notes
|
| Underlying basket: | Dollar/yen exchange rate and Nikkei 225 index, equally weighted
|
| Amount: | $16 million
|
| Maturity: | March 30, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any basket gain; floor of par
|
| Initial exchange rate: | 118.07 yen per dollar
|
| Initial index level: | 17,365.05
|
| Pricing date: | March 27
|
| Settlement date: | March 30
|
| Underwriter: | Lehman Brothers Inc.
|
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