Lehman plans to price FX notes linked to Asian currencies

By E. Janene Geiss

Philadelphia, Feb. 14 - Lehman Brothers Holdings Inc. plans to price an issue of 0% foreign exchange principal-protected notes due March 20, 2010 linked to the performance of a basket of Asian currencies against the dollar, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of the Singapore dollar with a 33.33% weight, the South Korean won with a 33.33% weight and the Japanese yen with a 33.34% weight.

The payout at maturity will be par plus 135% of any gain in the basket. Investors will receive at least par.

The notes are expected to price March 14 and settle March 20.

Lehman Brothers Inc. will be the underwriter.

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