By Angela McDaniels
Tacoma, Wash., Feb. 5 - Lehman Brothers Holdings Inc. priced an additional $5 million of range notes due Feb. 14, 2023 linked to six-month Libor, according to an FWP filing with the Securities and Exchange Commission.
The company priced $10 million of the notes in two $5 million tranches on Jan. 25. The total amount of notes priced is now $15 million.
Interest is payable quarterly and equals 8.75% per year multiplied by the proportion of days on which six-month Libor is at least 0% and no more than 7%.
The notes are callable at par on any interest payment date beginning May 14, 2008.
Lehman Brothers Inc. is the underwriter.
Issuer: | Lehman Brothers Holdings Inc.
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Issue: | Range notes
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Amount: | $15 million, upsized from $5 million
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Maturity: | Feb. 14, 2023
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Coupon: | 8.75% per year times proportion of days on which six-month Libor is at least 0% and no more than 7%; payable quarterly
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Price: | Variable
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Payout at maturity: | Par
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Call: | At par on interest payment dates beginning May 14, 2008
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Pricing date: | Jan. 25 for $10 million, Feb. 5 for $5 million
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Settlement date: | Feb. 14
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Underwriter: | Lehman Brothers Inc.
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Fees: | 1.2%
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