Published on 8/30/2007 in the Prospect News Structured Products Daily.
New Issue: Lehman prices $179,000 enhanced participation notes linked to nine commodities
By Jennifer Chiou
New York, Aug. 30 - Lehman Brothers Holdings Inc. priced a $179,000 issue of principal-protected enhanced participation notes due Aug. 31, 2010 linked to nine commodities, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of a 20% weight of Brent crude oil and 10% weights of No. 2 fuel heating oil, copper - grade A, primary nickel, special high grade zinc, gold, platinum, corn and wheat.
The payout at maturity will be par plus 120% of the basket return. If the basket declines, investors will receive par.
Lehman Brothers Inc. is the agent.
Issuer: | Lehman Brothers Holdings Inc.
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Issue: | Principal-protected enhanced participation notes
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Underlying assets: | 20% weight of Brent crude oil; 10% weights of No. 2 fuel heating oil, copper - grade A, primary nickel, special high grade zinc, gold, platinum, corn and wheat
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Amount: | $179,000
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Maturity: | Aug. 31, 2010
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 120% of any positive return on the basket; floor of par
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Pricing date: | Aug. 28
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Settlement date: | Aug. 31
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Underwriter: | Lehman Brothers Inc.
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Fees: | 0.5%
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