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Lehman Brothers to price principal protection notes linked to six indexes
By Laura Lutz
Des Moines, July 27 - Lehman Brothers Holdings Inc. plans to price 100% principal protection notes due Aug. 31, 2011 linked to an index basket, according to an FWP filing with the Securities and Exchange Commission.
The basket includes the Dow Jones Euro Stoxx 50 index with a 35% weight, the FTSE 100 index with a 25% weight, the Nikkei 225 index with a 25% weight, the Swiss Market index with a 5% weight, the S&P/ASX 200 index with a 5% weight and the MSCI Emerging Markets index with a 5% weight.
At maturity, investors will receive par plus any positive return on the basket multiplied by a participation rate that is expected to be between 102% and 112%. The exact participation rate will be set at pricing.
The notes are expected to price Aug. 28 and settle Aug. 31.
UBS Financial Services Inc. and Lehman Brothers Inc. are the underwriters.
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