By Angela McDaniels
Tacoma, Wash., Jan. 7 - Lehman Brothers Holdings Inc. priced $3 million of range notes due Jan. 24, 2023 linked to six-month Libor, according to an FWP filing with the Securities and Exchange Commission.
Interest is payable quarterly and equals 8.75% per year multiplied by the proportion of days on which six-month Libor is at least 0% and not more than 7%.
The notes are callable at par on any interest payment date beginning April 24, 2008.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Range notes
|
| Amount: | $3 million
|
| Maturity: | Jan. 24, 2023
|
| Coupon: | 8.75% per year multiplied by the proportion of days on which six-month Libor is at least 0% and not more than 7%; payable quarterly
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Call: | At par on interest payment dates beginning April 24, 2008
|
| Pricing date: | Jan. 7
|
| Settlement date: | Jan. 24
|
| Underwriter: | Lehman Brothers Inc.
|
| Fees: | 1.2%
|
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