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Lehman to price buffered return enhanced notes linked to Nikkei 225
By Angela McDaniels
Tacoma, Wash., Jan. 14 - Lehman Brothers Holdings Inc. plans to price 0% buffered return enhanced notes due July 30, 2009 linked to the Nikkei 225 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain on the index, subject to a maximum return that is expected to be 20% to 24% and will be determined at pricing. Investors will receive par if the index declines by 10% or less and will lose 1.11111% for each 1% decline beyond 10%.
The notes are expected to price on Jan. 25 and settle on Jan. 30.
Lehman Brothers Inc. will be the underwriter.
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