Lehman to price performance securities linked to an Asian currency basket via UBS

By E. Janene Geiss

Philadelphia, Feb. 5 - Lehman Brothers Holdings Inc. plans to price performance securities due Feb. 26, 2010 linked to an Asian currency basket, according to an FWP filing with the Securities and Exchange Commission.

UBS Financial Services Inc. and Lehman Brothers Inc. are the underwriters.

The basket includes equal weights of the Malaysian ringgit, Indonesia rupiah, Indian rupee and Philippine peso.

If the basket return is greater than zero, the payout at maturity will be par plus 325% to 375% of any gain on the basket. The exact participation rate will be determined at pricing.

If the basket declines, investors will lose 1% for each 1% that the basket declines.

The securities are expected to price on Feb. 26 and settle on Feb. 29.

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