Lehman Brothers to price principal-protected notes linked to basket of four base metals

By E. Janene Geiss

Philadelphia, June 21 - Lehman Brothers Holdings Inc. plans to price 100% principal protection notes with an expected maturity date of June 29, 2010 linked to a basket of base metals, according to an FWP filing with the Securities and Exchange Commission.

The basket includes equal weights of grade A copper, primary nickel, high grade primary aluminum and special high grade zinc.

At maturity, investors will receive par plus any positive return on the basket if the basket return is greater than 30%. Investors will receive par plus 30% if the basket return is better than a loss of 8.00%, but less than or equal to 30%. Investors will receive par if the basket loses 8.00% or more.

The notes are expected to price June 22 and settle June 29.

Lehman Brothers Inc. is the underwriter.

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