Lehman to price principal-protected return enhanced notes linked to 10 commodities

By E. Janene Geiss

Philadelphia, Sept. 6 - Lehman Brothers Holdings Inc. plans to price an issue of principal-protected return enhanced notes with an expected maturity of March 25, 2011 linked to a basket of 10 commodities, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of equal weights (10%) of light sweet crude oil, No. 2 fuel heating oil, copper - grade A, primary nickel, special high grade zinc, No. 11 world sugar, cocoa, coffee robusta, class III milk and No. 2 wheat.

The notes are expected to price Sept. 24 and settle Sept. 27.

At maturity, investors will receive par plus any basket return times a participation rate expected to be 110% to 120%. The exact rate will be set at pricing. Investors will receive at least par.

Lehman Brothers Inc. will be the underwriter.

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