By Angela McDaniels
Seattle, July 27 - Lehman Brothers Holdings Inc. priced $6.257 million of 100% principal protection callable spread daily accrual notes due July 31, 2022 linked to the 30-year and two-year Constant Maturity Swap (CMS) rates, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly and equals 8.02% per year multiplied by the proportion of days during the quarterly interest period on which the spread of the 30-year CMS rate over the two-year CMS rate is at least zero.
The notes are callable at par on each interest payment date beginning July 31, 2008.
UBS Financial Services Inc. and Lehman Brothers Inc. are the underwriters.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | 100% principal protection callable spread daily accrual notes
|
| Amount: | $6.257 million
|
| Maturity: | July 31, 2022
|
| Coupon: | 8.02% times the proportion of days on which the spread of the 30-year CMS rate over the two-year CMS rate is at least zero; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call: | At par on each interest payment date beginning July 31, 2008
|
| Pricing date: | July 25
|
| Settlement date: | July 31
|
| Underwriters: | UBS Financial Services Inc. and Lehman Brothers Inc.
|
| Fees: | 2%
|
© 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.
