New Issue: Lehman prices $813,000 principal-protected notes linked to Latin American currencies

By Angela McDaniels

Tacoma, Wash., Jan. 8 - Lehman Brothers Holdings Inc. priced $813,000 of zero-coupon principal-protected notes with enhanced participation due Jan. 11, 2010 linked to a basket of currencies, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of the Argentine peso, Brazilian real, Chilean peso and Mexican peso.

The payout at maturity will be par plus 335% of any basket appreciation versus the dollar. If the basket remains flat or depreciates relative to the dollar, the payout will be par.

Lehman Brothers Inc. is the underwriter.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Principal-protected notes with enhanced participation
Underlying currencies:	Argentine peso, Brazilian real, Chilean peso and Mexican peso, equally weighted
Amount:	$813,000
Maturity:	Jan. 11, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 335% of any basket appreciation versus the dollar; floor of par
Initial exchange rates:	3.1375 Argentine pesos per dollar; 1.7647 reais per dollar; 496.6 Chilean pesos per dollar; 10.9265 Mexican pesos per dollar
Pricing date:	Jan. 7
Settlement date:	Jan. 11
Underwriter:	Lehman Brothers Inc.
Fees:	0.5%

© 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.