By Susanna Moon
Chicago, Jan. 29 - Lehman Brothers Holdings Inc. priced $804,000 of 12% reverse exchangeable notes due April 30, 2008 linked to the common stock of Dean Foods Co., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
If the stock falls below the knock-in price - 80% of the initial value - during the life of the notes and finishes below its initial price, the payout at maturity will be a number of Dean Foods shares equal to par divided by the initial share price.
Otherwise, the payout will be par.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Reverse exchangeable notes
|
| Underlying stock: | Dean Foods Co. (NYSE: DF)
|
| Amount: | $804,000
|
| Maturity: | April 30, 2008
|
| Coupon: | 12%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless the stock falls below the knock-in price during the life of the notes and finishes below its initial value, in which case a number of shares equal to par divided by the initial share price
|
| Initial share price: | $28.11
|
| Knock-in price: | $22.488, or 80% of initial price
|
| Pricing date: | Jan. 25
|
| Settlement date: | Jan. 30
|
| Underwriter: | Lehman Brothers Inc.
|
| Fees: | 1.688%
|
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