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 Total Return, according to a 424B2 filing with the Securities and Exchange Commission.
Holders may put at least $2.5 million of notes at any time.
The payout upon redemption or at maturity will be par times the index performance, 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 "RAW."
Lehman Brothers Inc. is the agent.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Opta exchange-traded notes
|
| Underlying index: | Lehman Brothers Commodity index Pure Beta Total Return
|
| Amount: | $250 million
|
| Maturity: | Feb. 25, 2038
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par times index performance minus fee factor equal to 0.85% per year
|
| Put: | At any time, in amounts of at least $2.5 million; for par times index performance minus fee factor equal to 0.85% per year
|
| Pricing date: | Feb. 20
|
| Settlement date: | Feb. 25
|
| Agent: | Lehman Brothers Inc.
|
| Fees: | None upfront; 0.85% per year times payout at time of redemption
|
| Listing: | Amex: RAW
|
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