By Laura Lutz
Des Moines, Sept. 21 - Lehman Brothers Holdings Inc. priced a $15 million issue of notes due Oct. 18, 2010 linked to six-month Libor, according to an FWP filing with the Securities and Exchange Commission.
The notes pay interest at 6.3% multiplied by the proportion of days for which the six-month Libor is at least 0% and less than or equal to 6% during the life of the notes. The interest rate will not be less than 0%.
Interest is payable quarterly.
The notes will be callable, in whole or in part, on each interest payment date after Jan. 18, 2008.
If the notes are not called, the payout at maturity will be par plus accrued interest.
Lehman Brothers Inc. is underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Medium-term notes, series I
|
| Amount: | $15 million
|
| Maturity: | Oct. 18, 2010
|
| Coupon: | 6.3% multiplied by the proportion of days for which the six-month Libor is at least 0% and no greater than 6%; floor of 0%
|
| Reference range: | 0% to 8%
|
| Price: | Par
|
| Callable: | On any quarterly interest payment date after Jan. 18, 2008
|
| Payout at maturity: | Par plus accrued interest
|
| Pricing date: | Sept. 19
|
| Settlement date: | Oct. 18
|
| Underwriter: | Lehman Brothers Inc.
|
| Fees: | 0.4%
|
© 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.
