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Lehman to price capped return notes linked to S&P 500
By Angela McDaniels
Seattle, Aug. 6 - Lehman Brothers Holdings Inc. plans to price zero-coupon 100% principal protection capped return notes due Aug. 31, 2011 linked to the S&P index, according to an FWP filing with the Securities and Exchange Commission.
The notes are expected to price on Aug. 28 and settle on Aug. 31.
The payout at maturity will be par plus any index gain, capped at a maximum return that is expected to be 35% to 45% and will be determined at pricing. Investors will receive at least par.
Lehman Brothers Inc. will be the underwriter.
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