New Issue: Lehman prices $13.69 million notes linked to Asian currency basket via UBS

By E. Janene Geiss

Philadelphia, Feb. 28 - Lehman Brothers Holdings Inc. priced $13,692,000 million of zero-coupon principal-protected notes with enhanced participation due Feb. 26, 2010 linked to the performance of the dollar versus a basket of Asian currencies, according to a 424B2 filing with the Securities and Exchange Commission.

UBS Financial Services Inc. and Lehman Brothers Inc. are the underwriters.

The equally weighted basket consists of the Indonesian rupiah, Indian rupee, Malaysian ringgit and Philippine peso.

The payout at maturity will be par plus 190% of any appreciation in the dollar relative to the basket. Investors will receive at least par.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Principal-protected notes with enhanced participation
Underlying basket:	Indonesian rupiah, Indian rupee, Malaysian ringgit and Philippine peso, equally weighted
Amount:	$13,692,000
Maturity:	Feb. 26, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 190% of any appreciation in the dollar relative to the basket; floor of par
Initial levels:	3.2025 for ringgit; 9035 for rupiah; 39.81 for rupee; and 40.26 for rupiah
Pricing date:	Feb. 26
Settlement date:	Feb. 29
Underwriter:	Lehman Brothers Inc.
Fees:	2%

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