Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers L > Headlines for Lehman Brothers Holdings Inc. > News item |
Lehman to price principal-protected FX notes linked to currency basket
By E. Janene Geiss
Philadelphia, Aug. 23 - Lehman Brothers Holdings Inc. plans to price one-year principal-protected foreign exchange notes linked to a basket of currencies, according to an FWP filing with the Securities and Exchange Commission.
The basket will include the euro with a 34% weight, the British pound with a 33% weight and the Canadian dollar with a 33% weight, all versus the U.S. dollar.
For each month that the basket value is greater than zero, investors will receive a coupon payment at an annual rate that will be determined at pricing and expected to be between 6.5% and 7.5%. If the basket value is zero or less, there will be no coupon payment.
The payout at maturity will be par.
Pricing and settlement dates are yet to be determined.
Lehman Brothers Inc. will be the 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.