By Angela McDaniels
Tacoma, Wash., Jan. 30 - Lehman Brothers Holdings Inc. priced $15 million of zero-coupon 100% principal-protection notes due Jan. 29, 2010 linked to a basket of currencies, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes equal weights of the Indonesian rupiah, the Indian rupee, the Malaysian ringgit and the Philippine peso.
The payout at maturity will be par of $10 plus any appreciation in the basket relative to the dollar. If the basket remains flat or depreciates relative to the dollar, the payout will be par.
UBS Financial Services Inc. and Lehman Brothers Inc. are the underwriters.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | 100% principal-protection notes
|
| Underlying currencies: | Indonesian rupiah, Indian rupee, Malaysian ringgit and Philippine peso, equally weighted
|
| Amount: | $15 million
|
| Maturity: | Jan. 29, 2010
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus any basket appreciation versus the dollar; floor of par
|
| Pricing date: | Jan. 28
|
| Settlement date: | Jan. 31
|
| Underwriters: | UBS Financial Services Inc. and Lehman Brothers Inc.
|
| Fees: | 2%
|
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