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Lehman plans to price return enhanced notes linked to MarQCuS portfolio
By E. Janene Geiss
Philadelphia, Feb. 19 - Lehman Brothers Holdings Inc. plans to price three-year 0% return enhanced notes linked to the MarQCuS Portfolio A Index, according to an FWP filing with the Securities and Exchange Commission.
The index is an equally weighted, monthly rebalanced portfolio of the six Lehman Brothers MarQCuS Indexes, which are rules-based foreign-exchange trading indexes.
The payout at maturity will be par plus at least 295% of any gain on the index. The exact leverage percentage will be determined at pricing.
If the final index level is zero or declines, investors will share in any losses.
Lehman Brothers Inc. will be the underwriter.
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