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Lehman to price principal protection enhanced participation notes linked to Asian indexes
By Jennifer Chiou
New York, July 9 - Lehman Brothers Holdings Inc. plans to price 100% principal protection enhanced participation notes due July 31, 2012 linked to an Asian index basket, according to an FWP filing with the Securities and Exchange Commission.
The basket includes the Nikkei 225 index with a 33.34% weight, the MSCI Singapore Free index with a 33.33% weight and the MSCI Taiwan with a 33.33% weight.
The payout at maturity will be par plus any basket gain times a participation rate that is expected to be 155%. Investors will receive at least par.
The notes are expected to price on July 26 and settle on July 31.
Lehman Brothers Inc. will be the underwriter.
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