New Issue: Lehman prices $1.01 million principal protection notes linked to three indexes

By Angela McDaniels

Tacoma, Wash., Jan. 28 - Lehman Brothers Holdings Inc. priced $1.01 million of zero-coupon principal protection notes due Jan. 25, 2013 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of the Dow Jones Industrial Average, Russell 2000 and S&P 500.

The payout at maturity will be par plus the greater of 7.5% and the basket return.

Lehman Brothers Inc. is the underwriter.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Principal protection notes
Underlying indexes:	Dow Jones Industrial Average, Russell 2000 and S&P 500, equally weighted
Amount:	$1,006,000
Maturity:	Jan. 25, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 7.5% or the basket return, whichever is greater
Initial index levels:	12,267.5 for Dow Jones Industrial Average; 694.85 for Russell 2000; 1,341.5 for S&P 500
Final index levels:	For each index, the average of its closing levels on the 24th day of January, April, July and October of each year in the life of the notes
Pricing date:	Jan. 24
Settlement date:	Jan. 25
Underwriter:	Lehman Brothers Inc.
Fees:	4%

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