By E. Janene Geiss
Philadelphia, June 7 - Lehman Brothers Holdings Inc. priced a $2.5 million issue of Range Notes due June 19, 2017 linked to six-month Libor, according to an FWP filing with the Securities and Exchange Commission.
The notes pay six-month Libor plus 275 basis points through June 19, 2008.
After that, interest is six-month Libor plus 275 basis points multiplied by the proportion of days for which six-month Libor is 0% and greater and 6.25% or less up to but excluding June 19, 2015 and 0% and greater and 7.25% or less from June 19, 2015 up to but excluding the maturity date.
Interest is payable quarterly.
The notes will be callable on each interest payment date.
Lehman Brothers Inc. is underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Range Notes
|
| Amount: | $2.5 million
|
| Maturity: | July 19, 2017
|
| Coupon: | Six-month Libor plus 275 basis points through June 19, 2008; after that, interest is six-month Libor plus 275 basis points multiplied by the proportion of days for which six-month Libor is 0% and greater and 6.25% or less up to but excluding June 19, 2015 and 0% and greater and 7.25% or less from June 19, 2015 up to but excluding the maturity date.
|
| Reference range: | 0% to 6.25% from June 19, 2008 until June 19, 2015; 0% to 7.25% after June 19, 2015
|
| Price: | Par
|
| Callable: | On any interest payment date
|
| Payout at maturity: | Par plus accrued interest
|
| Pricing date: | June 6
|
| Settlement date: | June 19
|
| Underwriter: | Lehman Brothers Inc.
|
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