Lehman to issue FX Digital Notes linked to the Brazilian real/dollar exchange rate

By E. Janene Geiss

Philadelphia, April 27 - Lehman Brothers Holdings Inc. plans to price an issue of three-month Foreign Exchange Digital Notes linked to the Brazilian real/dollar spot exchange rate, according to an FWP filing with the Securities and Exchange Commission.

Payout at maturity will be par plus 2.55% if the Brazilian real/dollar spot exchange rate remains between the initial exchange rate and the reference level. The reference level will be 0.15 cents lower than the exchange rate.

If the real/dollar spot exchange rate falls outside the reference range during the life of the notes, payout at maturity will be par.

There will be no interest payments.

Lehman Brothers Inc. will be the underwriter for the offering.

© 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.