By E. Janene Geiss
Philadelphia, Jan. 16 - Lehman Brothers Holdings Inc. priced $2 million of range accrual notes linked to the Sifma index and Libor due Feb. 12, 2012, according to an FWP filing with the Securities and Exchange Commission.
The notes will pay an interest rate of 7.25%, multiplied by an interest accrual factor equal to the proportion of days on which three-month Libor is 2% or less or the Sifma to Libor ratio is 74% or less.
Interest is payable semi-annually.
The notes will be callable at par on any interest payment date beginning Aug. 12, 2008.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Range accrual notes
|
| Amount: | $2 million
|
| Maturity: | Feb. 12, 2012
|
| Coupon: | 7.25% multiplied by an interest accrual factor equal to the proportion of days on which three-month Libor is 2% or less or the Sifma to Libor ratio is 74% or less.
|
| Price: | Par
|
| Call: | At par on any interest payment date beginning Aug. 12, 2008
|
| Payout at maturity: | Par plus accrued interest
|
| Pricing date: | Jan. 15
|
| Settlement date: | Feb. 12
|
| Underwriter: | Lehman Brothers Inc.
|
| Fees: | 0.90%
|
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