By Jennifer Chiou
New York, Aug. 29 - Lehman Brothers Holdings Inc. priced $1 million of principal-protected foreign exchange notes due Aug. 31, 2010 linked to a basket of currencies, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes equal weights of the euro, the British pound and the Canadian dollar, all versus the U.S. dollar.
The payout at maturity will be par plus 330% of any basket return. Investors will receive at least par.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | 100% principal-protected notes
|
| Underlying currencies: | Equal weights of the euro, the British pound and the Canadian dollar, all versus the dollar
|
| Amount: | $1 million
|
| Maturity: | Aug. 31, 2010
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 330% of any basket gain; floor of par
|
| Initial spot rates: | Euro at 1.3652, British pound at 2.0160 and Canadian dollar at 1.0497
|
| Pricing date: | Aug. 27
|
| Settlement date: | Aug. 31
|
| Underwriters: | Lehman Brothers Inc.
|
| Fees: | 0.5%
|
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