Lehman plans bullet range notes linked to six-month Libor

By Jennifer Chiou

New York, Aug. 7 - Lehman Brothers Holdings Inc. plans to issue bullet range notes due Aug. 31, 2009 linked to six-month Libor, according to an FWP filing with the Securities and Exchange Commission.

The notes will bear interest at between 6.5% and 7.5% times the proportion of days that six-month Libor is equal to or greater than 4.6% and equal to or less than 6%.

Interest is payable quarterly and there is a floor of zero.

The notes will price on Aug. 28 and settle on Aug. 31.

Lehman Brothers Inc. is underwriter.

© 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.