By E. Janene Geiss
Philadelphia, June 8 - Lehman Brothers Holdings Inc. priced a $10 million issue of Range Notes due June 20, 2017 linked to six-month Libor, according to an FWP filing with the Securities and Exchange Commission.
The notes pay 10.7% through June 19, 2008.
After that, interest 10.7% multiplied by the proportion of days for which six-month Libor is 0% and greater and 6.30% or less until the maturity date.
Interest is payable semi-annually.
The notes will be callable on each interest payment date after June 20. 2008.
Lehman Brothers Inc. is underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Range Notes
|
| Amount: | $10 million
|
| Maturity: | June 20, 2017
|
| Coupon: | 10.7% through June 20, 2017; after that, interest is 10.7% multiplied by the proportion of days for which six-month Libor is 0% and greater and 6.30% or less until the maturity date.
|
| Reference range: | 0% to 6.30%
|
| Price: | Par
|
| Callable: | On any interest payment date after June 20, 2008
|
| Payout at maturity: | Par plus accrued interest
|
| Pricing date: | June 7
|
| Settlement date: | June 20
|
| Underwriter: | Lehman Brothers Inc.
|
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