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Lehman plans enhanced participation notes linked to 10 commodities
By E. Janene Geiss
Philadelphia, Feb. 14 - Lehman Brothers Holdings Inc. plans to price principal-protected 0% enhanced participation notes due Sept. 20, 2012 linked to a commodities basket, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of equal weights (10%) 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 115% of any basket gain. Investors will receive at least par.
The notes are expected to price March 14 and settle March 20.
Lehman Brothers Inc. is the underwriter.
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