By Laura Lutz
Des Moines, Feb. 14 - Lehman Brothers Holdings Inc. priced $250 million of 0% opta exchange-traded notes due Feb. 25, 2038 linked to the Lehman Brothers Commodity Index Pure Beta Agriculture Total Return, according to a 424B2 filing with the Securities and Exchange Commission.
The company plans to sell a portion of the notes at par of $50 on the inception date, Feb. 20, and to sell the remainder of the notes from time to time.
Holders may put at least $2.5 million of notes at any time.
The payout upon redemption or at maturity will be par plus the index return, less a fee factor equal to 0.85% per year.
Lehman said it applied to list the notes on the American Stock Exchange under the symbol "EOH."
Lehman Brothers Inc. is the underwriter.
Issuer: | Lehman Brothers Holdings Inc.
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Issue: | Opta exchange-traded notes
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Underlying index: | Lehman Brothers Commodity Index Pure Beta Agriculture Total Return
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Amount: | $250 million
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Maturity: | Feb. 25, 2038
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus index return minus fee factor equal to 0.85% per year
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Put: | At any time, in amounts of at least $2.5 million; for par plus index return minus fee factor equal to 0.85% per year
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Inception date: | Feb. 20
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Settlement date: | Feb. 25
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Underwriter: | Lehman Brothers Inc.
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Fees: | None upfront; up to 0.85% per year times payout at time of redemption
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