New Issue: Lehman prices $1.03 million principal-protected notes linked to rupee, renminbi

By Angela McDaniels

Tacoma, Wash., Jan. 8 - Lehman Brothers Holdings Inc. priced $1.03 million of zero-coupon principal-protected notes with enhanced participation due Jan. 11, 2012 linked to a basket containing equal weights of the Indian rupee and Chinese renminbi, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 160% 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 :	Indian rupee and Chinese renminbi, equally weighted
Amount:	$1,026,000
Maturity:	Jan. 11, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 160% of any basket appreciation versus the dollar; floor of par
Initial exchange rates:	39.28 rupees per dollar; 7.2695 renminbi per dollar
Pricing date:	Jan. 7
Settlement date:	Jan. 11
Underwriter:	Lehman Brothers Inc.
Fees:	0.5%

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