By Laura Lutz
Des Moines, Feb. 19 - Lehman Brothers Holdings Inc. upsized its issue of 15-year non-call two-year range notes due Feb. 22, 2023 linked to six-month Libor to $3 million from $2.5 million, according to an FWP filing with the Securities and Exchange Commission.
The original $2.5 million of notes priced on Feb. 7.
Interest is payable quarterly.
Interest is 8.4% until Feb. 22, 2009. After that, for each quarter, the interest rate will be equal to 8.4% times the proportion of days on which six-month Libor is at least 0% and not more than 6.5%.
The notes are callable at par on any interest payment date beginning Feb. 22, 2010.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Range notes
|
| Amount: | $3 million, upsized from $2.5 million
|
| Maturity: | Feb. 22, 2023
|
| Coupon: | 8.4% until Feb. 22, 2009, then 8.4% times proportion of days on which six-month Libor is at least 0% and not more than 6.5%; payable quarterly
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Call: | At par on interest payment dates beginning Feb. 22, 2010
|
| Pricing dates: | Feb. 7 (for $2.5 million); Feb. 19 (for $500,000)
|
| Settlement date: | Feb. 22
|
| Underwriter: | Lehman Brothers Inc.
|
| Fees: | 3%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
