New Issue: Lehman prices $688,000 principal-protected notes linked to commodity basket

By Laura Lutz

Des Moines, Feb. 12 - Lehman Brothers Holdings Inc. priced $688,000 of zero-coupon principal-protected notes with enhanced participation due Feb. 14, 2012 linked to a basket of 10 commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of equal weights of light sweet crude oil, Brent crude oil, No. 2 fuel heating oil, copper - grade A, primary nickel, special high grade zinc, gold, cocoa, class III milk and soybeans.

The payout at maturity will be par plus 110% of any gain on the basket. Investors will receive at least par.

Lehman Brothers Inc. is the underwriter.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Principal-protected notes with enhanced participation
Underlying basket:	Equal weights of light sweet crude oil, Brent crude oil, No. 2 fuel heating oil, copper - grade A, primary nickel, special high grade zinc, gold, cocoa, class III milk and soybeans
Amount:	$688,000
Maturity:	Feb. 14, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 110% of any basket gain; floor of par
Pricing date:	Feb. 8
Settlement date:	Feb. 14
Underwriter:	Lehman Brothers Inc.
Fees:	0.5%

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