By Susanna Moon
Chicago, Feb. 15 - Lehman Brothers Holdings Inc. priced $2.33 million of 0% buffered return enhanced notes due Feb. 22, 2010 linked to the shares of the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
Payout at maturity will be par plus double any gain in the shares, capped at a payment of 149% of par or at $1,490 per $1,000 principal amount.
If the shares fall by up to 10%, the payout will be par. Investors will lose 1% for each 1% decline beyond 10%.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Buffered return enhanced notes
|
| Underlying index: | Financial Select Sector SPDR fund
|
| Amount: | $2,325,000
|
| Maturity: | Feb. 22, 2010
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any gain in shares, capped at 149% of par; par if shares fall by up to 10%; investors lose 1% for each 1% drop beyond 10%
|
| Initial share price: | $26.41
|
| Pricing date: | Feb. 14
|
| Settlement date: | Feb. 20
|
| Underwriter: | Lehman Brothers Inc.
|
| Fees: | 1.25%
|
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