By E. Janene Geiss
Philadelphia, Jan. 22 - Lehman Brothers Holdings Inc. priced another $7 million of 15-year non-call one-year range notes due Jan. 30, 2023 linked to six-month Libor, according to an FWP filing with the Securities and Exchange Commission.
The company originally priced $3 million of the notes on Jan. 9. The notes were upsized several times since. The total amount of the offering is now $24 million.
Interest is payable quarterly and equals 8.25% per year multiplied by the proportion of days on which six-month Libor is at least 0% and not more than 7%.
The notes are callable at par on any interest payment date beginning Jan. 30, 2009.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Range notes
|
| Amount: | $24 million, upsized from $17 million
|
| Maturity: | Jan. 30, 2023
|
| Coupon: | 8.25% per year multiplied by the proportion of days on which six-month Libor is at least 0% and not more than 7%; payable quarterly
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Call: | At par on interest payment dates beginning Jan. 30, 2009
|
| Pricing dates: | Jan. 18 for $7 million additional notes; $3 million initial offering priced Jan. 9
|
| Settlement date: | Jan. 30
|
| Underwriter: | Lehman Brothers Inc.
|
| Fees: | 1.2%
|
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