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Lehman plans to price principal-protected notes linked to Latin American currencies
By E. Janene Geiss
Philadelphia, Jan. 11 - Lehman Brothers Holdings Inc. plans to price an issue of zero-coupon principal-protected notes with enhanced participation due Feb. 12, 2010 linked to the performance of a basket of Latin American currencies against the dollar, according to an FWP filing with the Securities and Exchange Commission.
The basket includes equal weights (25%) of the Brazilian real, Argentine peso, Mexican peso and Chilean peso, all versus the dollar.
The payout at maturity will be par plus at least 265% of any gain on the basket. The exact participation rate will be determined at pricing. Investors will receive a minimum of par.
The notes are expected to price Feb. 8 and settle Feb. 14.
Lehman Brothers Inc. is the underwriter.
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