By E. Janene Geiss
Philadelphia, Jan. 24 - Lehman Brothers Holdings Inc. priced a $200,000 issue of 100% principal-protected foreign exchange notes due Jan. 28, 2010 linked to a basket of the BRIC currencies, according to an FWP filing with the Securities and Exchange Commission.
The equally weighted basket consists of the spot exchange rates against the dollar of the Brazilian real, Russian ruble, Indian rupee and Chinese yuan.
If the basket performance is positive, the payout at maturity will be par plus 175% of the appreciation on the basket. If the basket value is zero or less, investors will receive par.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Foreign Exchange notes
|
| Underlying exchange rates: | Equal weights of spot exchange rates against dollar of Brazilian real, Russian ruble, Indian rupee and Chinese yuan.
|
| Amount: | $200,000
|
| Maturity: | Jan. 28, 2010
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 175% any appreciation on the basket; floor of par
|
| Initial exchange rates: | 1.8147 for real; 24.6325 for ruble; 39.56 for rupee; 7.2350 for yuan
|
| Pricing date: | Jan. 23
|
| Settlement date: | Jan. 28
|
| Underwriter: | Lehman Brothers Inc.
|
| Fees: | 2.25%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
