By Angela McDaniels
Seattle, April 26 - Lehman Brothers Holdings Inc. priced a $1.5 million offering of zero-coupon principal-protected appreciation notes due April 30, 2008 linked to the Malaysian ringgit, according to an FWP filing with the Securities and Exchange Commission.
If the ringgit has appreciated relative to the dollar, the payout at maturity will be par plus 135% of the appreciation.
If the ringgit has depreciated relative to the dollar, the payout will be par.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Principal-protected appreciation notes
|
| Underlying currency: | Malaysian ringgit
|
| Amount: | $1.5 million
|
| Maturity: | April 30, 2008
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 135% of any appreciation in the ringgit versus the dollar; floor of par
|
| Initial exchange rate: | 3.4203 ringgit per dollar
|
| Pricing date: | April 25
|
| Settlement date: | April 30
|
| Underwriter: | Lehman Brothers Inc.
|
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