Lehman to price principal-protected notes linked to three indexes

By E. Janene Geiss

Philadelphia, June 20 - Lehman Brothers Holdings Inc. plans to price an offering of three-year principal-protected notes linked to a basket of three indexes, according to an FWP filing with the Securities and Exchange Commission.

The basket will include the S&P BRIC 40 index with a 15% weight, Nikkei 225 with a 35% weight and Dow Jones Euro Stoxx 50 with a 50% weight.

The payout at maturity will be par plus any basket gain multiplied by the participation rate, which is expected to be 104% and will be determined at pricing. Investors will receive at least par.

The notes are expected to price and settle in June.

Lehman Brothers Inc. will be the underwriter.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.