By E. Janene Geiss
Philadelphia, Feb. 27 - Lehman Brothers Holdings Inc. priced an additional $2 million of 15-year non-callable for one year CMS spread range accrual notes due March 3, 2023, according to an FWP filing with the Securities and Exchange Commission.
The add-on brings the total offering to $5 million. The notes initially priced Feb. 14 at $3 million.
The notes will bear interest at 10.25% per year multiplied by the proportion of days on which the spread of the 30-year Constant Maturity Swap (CMS) rate over the 10-year CMS rate is at least 0%.
Interest will be payable quarterly.
The notes are callable at par on any interest payment date beginning March 3, 2009.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | CMS spread range accrual notes
|
| Amount: | $5 million, up from $3 million
|
| Maturity: | March 3, 2023
|
| Coupon: | 10.25% multiplied by the proportion of days on which the spread of the 30-year CMS rate over 10-year CMS rate is at least 0%; payable quarterly with a floor of 0%
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call: | At par on interest payment dates beginning July 24, 2008
|
| Pricing date: | Feb. 14 for initial $3 million; $2 million Feb. 26
|
| Settlement date: | March 3
|
| Underwriter: | Lehman Brothers Inc.
|
| Fees: | 1.8%
|
© 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.
