New Issue: Lehman prices add-on to $13 million issue of notes linked to Asian currencies

By Laura Lutz

Des Moines, June 12 - Lehman Brothers Holdings Inc. priced a $90 add-on to its issue of zero-coupon principal-protected notes due May 29, 2009 linked to a basket of Asian currencies, bringing the total deal size to $12,997,690.

The add-on was announced in a 424B2 filing with the Securities and Exchange Commission.

The initial $12,997,600 of the offering priced on May 24.

The equally weighted basket includes the exchange rates relative to the U.S. dollar of the Chinese renminbi, the Indonesian rupiah, the Indian rupee and the Philippine peso.

The payout at maturity will be par of $10 plus a 240% of any basket gain. Investors will receive at least par.

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

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Principal-protected foreign exchange-linked securities
Underlying assets:	Equal weights of the exchange rates relative to the U.S. dollar of Chinese renminbi, Indonesian rupiah, Indian rupee and Philippine peso
Amount:	$12,997,690 (including $90 add-on)
Maturity:	May 29, 2009
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 240% of any basket gain; floor of par
Initial spot exchange rates:	Chinese renminbi at 7.6525, Indonesian rupiah at 8,740, Indian rupee at 40.45, Philippine peso at 46.17
Pricing date:	May 24 for $12,997,600; June 8 for add-on
Settlement date:	May 31 for $12,997,600; June 13 for add-on
Underwriters:	UBS Financial Services Inc., Lehman Brothers Inc.
Fees:	2%

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