New Issue: Lehman prices $692,000 principal-protected enhanced participation commodity-linked notes

By Laura Lutz

Des Moines, July 9 - Lehman Brothers Holdings Inc. priced a $692,000 issue of principal protection enhanced participation notes due July 30, 2010 linked to a basket of nine commodities, according to an FWP filing with the Securities and Exchange Commission.

The basket includes a 20% weight of light sweet crude oil and 10% weights of number 2 heating oil, copper - grade A, primary nickel, special high grade zinc, gold, platinum, number 2 yellow corn and number 2 wheat.

At maturity, investors will receive par plus 125% of any basket return. Investors will receive par.

Lehman Brothers Inc. is the underwriter.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Principal protection enhanced participation notes
Underlying basket:	20% weight of light sweet crude oil; 10% weight of each of 2 fuel heating oil, copper - grade A, primary nickel, special high grade zinc, gold, platinum, number 2 yellow corn, number 2 wheat
Amount:	$692,000
Maturity:	July 30, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 125% of basket return; floor of par
Pricing date:	July 26
Settlement date:	July 31
Underwriter:	Lehman Brothers Inc.
Fees:	0.5%

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