By Laura Lutz
Kansas City, Kan., Dec. 28 - Lehman Brothers Holdings Inc. priced an additional $2 million of range notes due Jan. 3, 2023 linked to six-month Libor, according to an FWP filing with the Securities and Exchange Commission.
These notes bring the total offering to $9 million. The issue initially priced on Dec. 10 with $5 million of notes. Another $2 million of notes priced on Dec. 14.
Interest is payable quarterly and equals 9.25% per year multiplied by the proportion of days on which six-month Libor is at least 0% and not more than 7%.
The notes are callable at par on any interest payment date beginning April 3, 2008.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Range notes
|
| Amount: | $9 million, upsized from $5 million
|
| Maturity: | Jan. 3, 2023
|
| Coupon: | 9.25% per year multiplied by the proportion of days on which six-month Libor is at least 0% and not more than 7%; payable quarterly
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Call: | At par on interest payment dates beginning April 3, 2008
|
| Pricing date: | Dec. 10 (for $5 million); Dec. 14 (for $2 million); Dec. 27 (for $2 million)
|
| Settlement date: | Jan. 3
|
| Underwriter: | Lehman Brothers Inc.
|
| Fees: | 1.2%
|
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