Published on 6/28/2007 in the Prospect News Structured Products Daily.
New Issue: Lehman prices $150,000 principal protection notes linked to index basket
By Jennifer Chiou
New York, June 28 - Lehman Brothers Holdings Inc. priced a $150,000 issue of 1.985% 100% principal protection notes due June 29, 2012 linked to a basket of Asian indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes equal weights of the Nikkei 225, MSCI Singapore Free and MSCI Taiwan indexes.
The payout at maturity will be par plus any basket gain. Investors will receive at least par.
Lehman Brothers Inc. is the underwriter.
Issuer: | Lehman Brothers Holdings Inc.
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Issue: | 100% principal protection notes
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Underlying indexes: | Equal weights of the Nikkei 225, MSCI Singapore Free and MSCI Taiwan indexes
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Amount: | $150,000
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Maturity: | June 29, 2012
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Coupon: | 1.985%
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Price: | Par
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Payout at maturity: | Par plus any basket gain; floor of par
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Pricing date: | June 26
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Settlement date: | June 29
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Underwriter: | Lehman Brothers Inc.
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Fees: | 0.5%
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