By Susanna Moon
Chicago, Feb. 25 - Lehman Brothers Holdings Inc. priced another $7 million of 15-year non-callable for one year range notes due March 10, 2023 linked to six-month Libor, according to an FWP filing with the Securities and Exchange Commission.
The add-on brings the total offering to $12 million. The notes initially priced Feb. 20 at $5 million.
The interest rate for each quarter will be 9.25% times the proportion of days in that quarter on which six-month Libor is at least 0% and not more than 7%.
Interest will be payable quarterly.
The notes are callable at par on any interest payment date beginning March 10, 2009.
Lehman Brothers Inc. is the underwriter.
Issuer: | Lehman Brothers Holdings Inc.
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Issue: | 15-year non-callable for one year range notes
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Amount: | $12 million, upsized from $5 million
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Maturity: | March 10, 2023
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Coupon: | 9.25% times proportion of days in quarter on which six-month Libor is at least 0% and not more than 7%; reset and payable quarterly
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Price: | Variable
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Payout at maturity: | Par
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Call: | At par on interest payment dates beginning March 10, 2009
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Pricing date: | Feb. 20 for initial $5 million; Feb. 25 for $7 million add-on
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Settlement date: | March 10
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Underwriter: | Lehman Brothers Inc.
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Fees: | 3%
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