New Issue: Lehman prices $214,000 FX notes linked to BRIC currency basket

By Laura Lutz

Des Moines, Jan. 29 - Lehman Brothers Holdings Inc. priced $214,000 of 0% foreign exchange principal-protected notes due Feb. 1, 2010 linked to the performance of a basket of BRIC currencies against the dollar, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of equal weights (25%) of the Brazilian real, the Russian ruble, the Indian rupee and the Chinese renminbi, all against the dollar.

The payout at maturity will be par plus 175% of any gain in the basket. Investors will receive at least par.

Lehman Brothers Inc. will be the underwriter.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Foreign exchange principal-protected notes
Underlying basket:	Equal weights of Brazilian real, Russian ruble, Indian rupee and Chinese renminbi, all against dollar
Amount:	$214,000
Maturity:	Feb. 1, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 175% of any basket gain; floor of par
Initial rates:	1.7906 for real; 24.5408 for ruble; 39.47 for rupee; 7.1996 for renminbi
Pricing date:	Jan. 28
Settlement date:	Jan. 31
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.