New Issue: Lehman prices $866,000 principal-protected notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Feb. 26 - Lehman Brothers Holdings Inc. priced $866,000 of zero-coupon 100% principal-protected notes due Feb. 27, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the greater of the index return and 12%.

The final index level will equal the average of the index's closing levels on Feb. 27, May 27, Aug. 27 and Nov. 27 of each year during the life of the notes.

Lehman Brothers Inc. is the underwriter.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Principal-protected notes
Underlying index:	S&P 500
Amount:	$866,000
Maturity:	Feb. 27, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus the index return or 12%, whichever is greater
Initial index level:	1,353.11
Pricing date:	Feb. 22
Settlement date:	Feb. 27
Underwriter:	Lehman Brothers Inc.
Fees:	4%

© 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.