By Laura Lutz
Des Moines, Sept. 25 - Lehman Brothers Holdings Inc. priced $789,000 of non-inversion notes due Sept. 28, 2017 that are non-callable for two years, according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable quarterly. For each quarter, the notes will bear interest at 7.6% times the proportion of days on which the 10-year Constant Maturity Swap (CMS) rate is higher than the two-year CMS rate.
The notes are callable at par on each interest payment date beginning Sept. 28, 2009.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | 10-year non-inversion notes
|
| Amount: | $789,000
|
| Maturity: | Sept. 28, 2017
|
| Coupon: | 7.6% times the proportion of days on which the 10-year CMS rate is higher than the two-year CMS rate; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call: | On interest payment dates starting Sept. 28, 2009 at par
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 28
|
| Underwriter: | Lehman Brothers Inc.
|
| Fees: | 1%
|
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