New Issue: Lehman upsizes to $5.05 million protected return enhanced notes linked to 10 commodities

By Jennifer Chiou

New York, Aug. 3 - Lehman Brothers Holdings Inc. upsized its issue of 0% principal-protected return enhanced notes due Aug. 9, 2010 linked to 10 commodities by $1.7 million, for a total issue amount of $5.05 million, according to a 424B2 filing with the Securities and Exchange Commission.

On Aug. 1, the company originally priced $3.35 million of notes.

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.

The payout at maturity will be par plus 125% of any positive return on the index. Investors will receive at least par.

Lehman Brothers Inc. is the underwriter.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Principal-protected return enhanced notes
Underlying assets:	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
Amount:	$5.05 million (upsized from $3.35 million)
Maturity:	Aug. 9, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 125% of any positive return on the index; floor of par
Pricing date:	Aug. 1
Settlement date:	Aug. 8
Underwriter:	Lehman Brothers Inc.
Fees:	1.8%

© 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.