By E. Janene Geiss
Philadelphia, July 13 - Lehman Brothers Holdings Inc. priced a $2.5 million issue of index spread notes due Aug. 1, 2017 linked to Libor and the BMA municipal swap rate, according to an FWP filing with the Securities and Exchange Commission.
The notes will pay 8.75% interest plus 10 times the difference between 65% of three month Libor and the average BMA municipal swap index.
Interest will be payable semi-annually.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Index spread notes
|
| Underlying rates: | Three-month Libor, average BMA municipal swap index
|
| Amount: | $2.5 million
|
| Maturity: | Aug. 1, 2017
|
| Coupon: | 8.7% plus 10 times the difference between 65% of three-month Libor and the average BMA municipal swap index
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | July 12
|
| Settlement date: | Aug. 1
|
| Underwriter: | Lehman Brothers Inc.
|
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