Lehman to price principal-protected enhanced participation notes linked to commodities

By E. Janene Geiss

Philadelphia, July 16 - Lehman Brothers Holdings Inc. plans to price an issue of three-year principal protection enhanced participation notes linked to a basket of 10 commodities, according to an FWP filing with the Securities and Exchange Commission.

The basket includes equal weights (10%) of Brent crude oil, No. 2 heating oil, copper - grade A, primary nickel, special high grade zinc, gold, No. 11 world sugar, coffee robusta, class III milk and lean hogs.

Pricing and settlement dates are yet to be determined.

At maturity, investors will receive par plus any basket return times an upside participation rate that will be determined at pricing and expected to be between 110% and 140%.

Lehman Brothers Inc. is the underwriter.

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