Lehman Brothers to price partial principal protection notes linked to five indexes

By E. Janene Geiss

Philadelphia, July 26 - Lehman Brothers Holdings Inc. plans to price 90% principal protection notes due Aug. 2, 2010 linked to an index basket, according to an FWP filing with the Securities and Exchange Commission.

The basket includes the S&P 500 with a 50% weight, the Dow Jones Euro Stoxx 50 with a 17.710% weight, the FTSE 100 with a 16.985% weight, the Nikkei 225 with a 10.710% weight and the S&P/ASX 200 with a 4.595%.

At maturity, investors will receive par plus any positive return on the basket multiplied by a participation rate that will be determined at pricing and expected to be between 95% and 105%.

The notes are expected to price July 27 and settle Aug. 1.

Lehman Brothers Inc. is the underwriter.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.