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Lehman Brothers to price two-year participation notes linked to gold
By E. Janene Geiss
Philadelphia, Sept. 27 - Lehman Brothers Holdings Inc. plans to price two-year capped participation notes linked to gold, according to an FWP filing with the Securities and Exchange Commission.
At maturity the notes will pay par of $10,000 plus double any positive return on gold, capped at a maximum payout of par plus 18%. The payout will be par if gold loses up to 10%. Investors will lose 1% for each 1% that gold declines beyond 10%.
Lehman Brothers Inc. will be the underwriter.
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