By Angela McDaniels
Seattle, Sept. 19 - Lehman Brothers Holdings Inc. priced a $15 million issue of range notes due Oct. 18, 2010 linked to six-month Libor, according to an FWP filing with the Securities and Exchange Commission.
Interest is payable quarterly and equals 6.3% per year multiplied by the proportion of days on which six-month Libor is at least 0% and no more than 6%, subject to a minimum interest rate of 0% each quarter.
The notes are callable at par on each interest payment date beginning Jan. 18, 2008.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Range notes
|
| Amount: | $15 million
|
| Maturity: | Oct. 18, 2010
|
| Coupon: | 6.3% per year multiplied by the proportion of days on which six-month Libor is at least 0% and no more than 6%; floor of 0%; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call: | At par on each interest payment date beginning Jan. 18, 2008
|
| Pricing date: | Sept. 19
|
| Settlement date: | Oct. 18
|
| Underwriter: | Lehman Brothers Inc.
|
| Fees: | 0.4%
|
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