Lehman to issue principal-protected capped return notes linked to S&P 500

By E. Janene Geiss

Philadelphia, Sept. 5 - Lehman Brothers Holdings Inc. plans to price an issue of zero-coupon, 100% Principal Protection Capped Return Notes linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The notes are expected to price Sept. 25 and settle Sept. 28.

The payout at maturity will be par plus 100% of any positive return on the basket, up to a maximum return that will be determined at pricing and expected to be between 35% and 45%.

Investors will receive at least par.

Lehman Brothers Inc. is the agent.

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