Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers L > Headlines for Lehman Brothers Holdings Inc. > News item |
Correction: Lehman to underwrite enhanced participation notes linked to indexes
The Prospect News Structured Products Daily incorrectly reported the underwriter of Lehman Brothers Holdings Inc.'s planned issue of buffered enhanced participation notes due April 30, 2011 linked to a basket of indexes.
Lehman Brothers Inc. is the sole underwriter.
The basket will include the S&P 500 index with a 33.34% weight, the Dow Jones Euro Stoxx 50 index with a 33.33% weight and the Nikkei 225 index with a 33.33% weight.
The payout at maturity will be par plus any positive return on the basket multiplied by a participation rate of 129.5%. Investors will receive par if the basket declines by up to 15% and will lose 1% for each 1% that the index drops beyond 15%.
The notes are expected to price on April 25 and settle on April 30.
© 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.