By E. Janene Geiss
Philadelphia, Sept. 27 - Lehman Brothers Holdings Inc. priced a $25 million issue of range notes due Oct. 10, 2017 linked to three-month Libor, according to an FWP filing with the Securities and Exchange Commission.
Interest is payable quarterly and equals Libor plus 3% multiplied by the proportion of days on which three-month Libor is at least 0% and no more than 7.2%.
The notes are callable at par on each interest payment date beginning April 10, 2008.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Range notes
|
| Amount: | $25 million
|
| Maturity: | Oct. 10, 2017
|
| Coupon: | Libor plus 3% per year multiplied by the proportion of days on which three-month Libor is at least 0% and no more than 7.2%; floor of 0%; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call: | At par on each interest payment date beginning April 10, 2008
|
| Pricing date: | Sept. 26
|
| Settlement date: | Oct. 10
|
| Underwriter: | Lehman Brothers Inc.
|
| Fees: | 2.5%
|
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