By Jennifer Chiou
New York, June 8 - Lehman Brothers Holdings Inc. priced a $5 million issue of 1.25% notes due June 13, 2012 linked to a basket of three stocks, according to a 424B2 filing with the Securities and Exchange Commission.
There is a greenshoe for $0.75 million of additional notes.
The basket includes equal weights of the common stocks of American Tower Corp., Crown Castle International Corp. and SBA Communications Corp.
If the notes are held until maturity, the payout will be par plus any basket appreciation beyond the threshold value, which is 120.22% above the initial basket value. Investors will receive at least par.
The notes may be called or put from June 6, 2009 onwards at the redemption value, which may be less than the issue amount, plus accrued interest.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Medium-term series I notes
|
| Underlying stocks: | Equal weights of American Tower Corp., Crown Castle International Corp. and SBA Communications Corp.
|
| Amount: | $5 million
|
| Greenshoe: | $0.75 million
|
| Maturity: | June 13, 2012
|
| Coupon: | 1.25%, payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par plus any basket gain beyond the threshold value; floor of par
|
| Threshold value: | $120.22, 120.22% of $100.00, the initial basket level
|
| Initial stock levels: | $42.00 for American Tower; $36.74 for Crown Castle; $32.07 for SBA Communications
|
| Initial multipliers: | 0.79357 for American Tower; 0.90719 for Crown Castle; 1.03960 for SBA Communications
|
| Call: | June 6, 2009 onwards
|
| Put: | June 6, 2009 onwards
|
| Pricing date: | June 6
|
| Settlement date: | June 13
|
| Underwriter: | Lehman Brothers Inc.
|
| Fees: | 0.08%
|
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