Lehman Brothers plans five-year CPI-linked notes

By Jennifer Chiou

New York, July 13 - Lehman Brothers Holdings Inc. plans to price notes due July 23, 2012 linked to the non-seasonally adjusted U.S. city average all items Consumer Price Index, according to an FWP filing with the Securities and Exchange Commission.

Interest will be reset and payable monthly.

The coupon will be 2.43% plus the change in the CPI level, where the initial CPI level is the rate 15 months prior to the start of the interest period and the final CPI level is the rate three months prior to the start of the interest period. The coupon has a floor of 0%.

The payout at maturity will be par plus any accrued interest.

Lehman Brothers Inc. is the underwriter.

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