Lehman plans principal-protected bull notes linked to mixed China basket

By Laura Lutz

Des Moines, Feb. 5 - Lehman Brothers Holdings Inc. plans to price four-year, zero-coupon 100% principal-protected China bull notes linked to an index, currency and commodity basket, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of the Hang Seng index with a 33.34% weight, the spot rate of the Chinese renminbi against the dollar with a 33.34% weight, copper - grade A with a 16.66% weight and light sweet crude oil with a 16.66% weight.

The payout at maturity will be par plus any gain on the basket. Investors will receive at least par.

Lehman Brothers Inc. is the underwriter.

© 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.