Lehman to issue principal-protected participation notes linked to copper, zinc

By E. Janene Geiss

Philadelphia, July 10 - Lehman Brothers Holdings Inc. plans to price an issue of principal-protected participation notes linked to two commodities, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of equal weights (50%) of copper - grade A and special high grade zinc.

The payout at maturity will be par plus any return on the basket times a participation rate that is expected to be 110%. The exact participation rate will be set at pricing. Investors will receive at least par.

Lehman Brothers Inc. is the agent.

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