Lehman Brothers to price absolute return barrier notes linked to Euro Stoxx 50

By Laura Lutz

Des Moines, May 10 - Lehman Brothers Holdings Inc. plans to price an issue of 100% principal-protection absolute return barrier notes due May 16, 2008 linked to the Dow Jones Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The notes are expected to price on May 11 and settle on May 17.

If on any day during the life of the notes the index has increased or decreased from its initial level by more than the absolute return barrier amount, the payout will be par.

Otherwise, investors will receive par plus the absolute value of the return on the index.

UBS Financial Services Inc. and Lehman Brothers Inc. are the underwriters.

© 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.