By Laura Lutz
Des Moines, Sept. 27 - Lehman Brothers Holdings Inc. priced $2.35 million of notes due Sept. 28, 2010 linked to the Lehman Brothers Commodity Index Equal Weight Excess Return, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is at least the initial level, the payout at maturity will be par plus 120% of any gain on the index.
The payout will be par if the index declines by up to 20%. Investors will lose 1% for each 1% decline in the index beyond 20%.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Notes
|
| Underlying index: | Lehman Brothers Commodity Index Equal Weight Excess Return
|
| Amount: | $2,351,000
|
| Maturity: | Sept. 28, 2010
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is at least initial level, par plus 120% of any index gain; par if index declines by up to 20%; investors lose 1% for each 1% index decline beyond 20%
|
| Initial level: | 106.7258
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 28
|
| Underwriter: | Lehman Brothers Inc.
|
| Fees: | 1.75%
|
© 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.
