By E. Janene Geiss
Philadelphia, April 12 - Lehman Brothers Holdings Inc. increased to $11 million its offering of 15-year CMS (constant maturity swap) spread range accrual notes due April 26, 2022, non-callable for one year, according to an FWP filing with the Securities and Exchange Commission.
The deal priced at an amount of $5 million on April 9.
The notes will pay an interest rate of 9%, multiplied by an interest accrual factor equal to the proportion of days on which the spread of the 30-year CMS rate over the two-year CMS rate is greater than or equal to 0.0%.
Interest will be payable quarterly.
The notes will be callable at par on any interest payment date beginning April 26, 2008.
Lehman Brothers Inc. is the agent.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Spread range accrual notes
|
| Amount: | $11 million (up from $5 million)
|
| Maturity: | April 26, 2022
|
| Coupon: | 9% multiplied by an interest accrual factor equal to the proportion of days on which the spread of the 30-year CMS rate over the 10-year CMS rate is greater than or equal to 0.0%; payable quarterly
|
| Price: | Par
|
| Call: | At par on each interest payment date beginning April 26, 2008
|
| Payout at maturity: | Par plus accrued interest
|
| Pricing date: | April 9
|
| Settlement date: | April 26
|
| 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.
