By E. Janene Geiss
Philadelphia, Feb. 27 - Lehman Brothers Holdings Inc. priced an additional $3 million issue of 15-year non-callable for two years 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 $8 million. The notes originally priced on Feb. 22 at $5 million.
The interest rate for each quarter will be 8% times the proportion of days in that quarter on which six-month Libor is at least 0% and not more than 7%. The notes will pay 3.25% times the proportion of days on which six-month Libor increases beyond 7%.
Interest will be payable quarterly.
The notes are callable at par on any interest payment date beginning March 10, 2010.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | 15-year non-callable for two years range notes
|
| Amount: | $8 million, up from $5 million
|
| Maturity: | March 10, 2023
|
| Coupon: | 8% times proportion of days in quarter on which six-month Libor is at least 0% and not more than 7%; 3.25% for the proportion of days that six-month Libor increases beyond 7%; reset and payable quarterly
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Call: | At par on interest payment dates beginning March 10, 2010
|
| Pricing date: | Feb. 22 for $5 million, Feb. 26 for $3 million
|
| Settlement date: | March 10
|
| Underwriter: | Lehman Brothers Inc. |
|
| Fees: | 2%
|
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