By Jennifer Chiou
New York, April 27 - Lehman Brothers Holdings Inc. priced $2.46 million of zero-coupon buffered principal at risk notes due April 30, 2010 linked to a basket of six Asian equity indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying indexes include the Nikkei 225 with a 16.67% weight, the FTSE/Xinhua China 25 with a 16.67% weight, the MSCI Singapore Free with a 16.67% weight, the MSCI Taiwan with a 16.67% weight, the Kospi 200 with a 16.66% weight and the S&P CNX Nifty with a 16.66% weight.
Payout at maturity will be determined according to the basket performance. Investors will receive par plus the final basket return if the final basket return is positive.
If the final basket return declines by 15% or less, investors will receive par. Investors will lose 1% for every 1% the index basket declines beyond 15%.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
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| Issue: | Buffered principal at risk notes
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| Underlying indexes: | Nikkei 225 (16.67% weight), FTSE/Xinhua China 25 (16.67% weight), MSCI Singapore Free (16.67% weight), MSCI Taiwan (16.67% weight), Kospi 200 (16.66% weight), S&P CNX Nifty (16.66% weight)
|
| Amount: | $2.46 million
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| Maturity: | April 30, 2010
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any positive basket return; par if the final basket return declines by 15% or less; investors will lose 1% for every 1% the index basket declines beyond 15%
|
| Pricing date: | April 25
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| Settlement date: | April 30
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| Underwriter: | Lehman Brothers Inc.
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| Underwriting discount: | 2.5%
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