By Laura Lutz
Des Moines, Jan. 28 - Lehman Brothers Holdings Inc. priced $3 million of 15-year non-call one-year range notes due Feb. 6, 2023 linked to six-month Libor, according to an FWP filing with the Securities and Exchange Commission.
The notes will bear interest at 8.75% per year until Feb. 6, 2009. Thereafter, the interest rate will be 8.75% times the proportion of days on which six-month Libor is at least 0% and not more than 7%.
Interest will be payable quarterly.
The notes are callable at par on any interest payment date beginning Feb. 6, 2009.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | 15 year non-call one-year range notes
|
| Amount: | $3 million
|
| Maturity: | Feb. 6, 2023
|
| Coupon: | 8.75% per year until Feb. 6, 2009; thereafter, 8.75% times proportion of days on which six-month Libor is at least 0% and not more than 7%; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call: | At par on interest payment dates beginning Feb. 6, 2009
|
| Pricing dates: | Jan. 25
|
| Settlement date: | Feb. 6
|
| Underwriter: | Lehman Brothers Inc.
|
| Fees: | 3%
|
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