E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
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.
Issue:Principal-protected enhanced participation notes
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
Amount:$179,000
Maturity:Aug. 31, 2010
Coupon:0%
Price:Par
Payout at maturity:Par plus 120% of any positive return on the basket; floor of par
Pricing date:Aug. 28
Settlement date:Aug. 31
Underwriter:Lehman Brothers Inc.
Fees:0.5%

© 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.