By Jennifer Chiou
New York, Feb. 8 - Lehman Brothers Holdings Inc. priced an additional $14 million of 15-year non-call for three months range notes due Feb. 14, 2023 linked to six-month Libor, upsizing the issue to $24 million, according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable quarterly.
The interest rate in each quarter will be 8.75% per year times 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 May 14, 2008.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Range notes
|
| Amount: | $24 million, upsized from $5 million
|
| Maturity: | Feb. 14, 2023
|
| Coupon: | 8.75% per year times 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 May 14, 2008
|
| Pricing dates: | Jan. 25 for original $5 million; Feb. 1 for $5 million; Feb. 8 for $14 million
|
| Settlement date: | Feb. 14
|
| Underwriter: | Lehman Brothers Inc.
|
| Fees: | 1.2%
|
© 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.
