By Laura Lutz
Des Moines, Aug. 3 - Lehman Brothers Holdings Inc. priced a $5 million issue of range notes due Aug. 23, 2022 linked to six-month Libor, according to an FWP filing with the Securities and Exchange Commission.
The notes pay interest at 8% multiplied by the proportion of days for which the six-month Libor is at least 0% and less than or equal to 8% during the life of the notes. The interest rate will not be less than 0%.
Interest is payable quarterly.
The notes will be callable, in whole or in part, on each interest payment date after Nov. 23, 2007.
Lehman Brothers Inc. is underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Range notes
|
| Amount: | $5 million
|
| Maturity: | Aug. 23, 2022
|
| Coupon: | 8% multiplied by the proportion of days for which the six-month Libor is at least 0% and no more than 8% until the maturity date; floor of 0%
|
| Reference range: | 0% to 8%
|
| Price: | Par
|
| Callable: | On any quarterly interest payment date after Nov. 23, 2007
|
| Payout at maturity: | Par plus accrued interest
|
| Pricing date: | Aug. 2
|
| Settlement date: | Aug. 23
|
| Underwriter: | Lehman Brothers Inc.
|
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