New Issue: Lehman prices $3.81 million return optimization securities linked to GE

By Angela McDaniels

Tacoma, Wash., Feb. 12 - Lehman Brothers Holdings Inc. priced $3.81 million of 0% return optimization securities with partial protection due Aug. 13, 2009 linked to the common stock of General Electric Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any share price gain, subject to a maximum return of 28.85%. Investors will receive par if the share price declines by 10% or less and will lose 1% for each 1% share price decline beyond 10%.

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

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Return optimization securities with partial protection
Underlying stock:	General Electric Corp. (Symbol: GE)
Amount:	$3,807,570
Maturity:	Aug. 13, 2009
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus double any share price gain, capped at maximum return of 28.85%; par if the share price declines by 10% or less; 1% loss for each 1% share price decline beyond 10%
Initial share price:	$33.84
Pricing date:	Feb. 8
Settlement date:	Feb. 13
Underwriters:	UBS Financial Services Inc. and Lehman Brothers Inc.
Fees:	1.75%

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