By Laura Lutz
Des Moines, June 14 - Lehman Brothers Holdings Inc. priced a $10 million issue of Range Notes due July 10, 2022 linked to six-month Libor, according to an FWP filing with the Securities and Exchange Commission.
The notes pay interest at 10% multiplied by the proportion of days for which six-month Libor is at least 0% and less than or equal to 7% during the life of the notes.
Interest is payable semiannually.
The notes will be callable on each interest payment date after July 10, 2008.
Lehman Brothers Inc. is underwriter.
Issuer: | Lehman Brothers Holdings Inc.
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Issue: | Range Notes
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Amount: | $10 million
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Maturity: | July 10, 2022
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Coupon: | 10% multiplied by the proportion of days for which six-month Libor is at least 0% and less than or equal to 7% during the life of the notes
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Reference range: | 0% to 7%
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Price: | Par
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Callable: | On any interest payment date after Oct. 10, 2007
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Payout at maturity: | Par plus accrued interest
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Pricing date: | June 13
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Settlement date: | July 10
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Underwriter: | Lehman Brothers Inc.
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