By E. Janene Geiss
Philadelphia, April 2 - Lehman Brothers Holdings Inc. priced a $3 million issue of 15-year non-inversion notes due April 27, 2022 non-callable for three years, according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable quarterly. The coupon amount will be 8% to April 27, 2010. After that, the coupon is 8% multiplied by the proportion of days for which the 30-year Constant Maturity Swap (CMS) rate is higher than the 2-year CMS rate.
The notes are callable at par on each interest payment date beginning April 27, 2010.
Lehman Brothers Inc. is manager.
Issuer: | Lehman Brothers Holdings Inc.
|
Issue: | 15-year callable notes
|
Underlying asset: | | 30-year Constant Maturity Swap rate, 2-year CMS rate
|
Amount: | $3 million
|
Maturity: | April 27, 2022
|
Coupon: | 8% to April 27, 2010; after that, 8% multiplied by the proportion of days for which the 30-year Constant Maturity Swap (CMS) rate is higher than the 2-year CMS rate
|
Price: | Par
|
Call: | On interest payment dates starting April 27, 2010 at par
|
Pricing date: | March 30
|
Settlement date: | April 27
|
Underwriter: | Lehman Brothers Inc.
|
© 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.