New Issue: Lehman prices $3.38 million performance securities linked to Asian currencies via UBS

By E. Janene Geiss

Philadelphia, Feb. 28 - Lehman Brothers Holdings Inc. priced $3,380,240 of 0% performance securities due Feb. 26, 2010 linked to the performance of a basket of four Asian currencies against the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

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

The equally weighed basket consists of the Malaysian ringgit, Indonesian rupiah, Indian rupee and Philippine peso, all versus the dollar.

If the final basket level appreciates against the dollar, the payout at maturity will be par of $10 plus quadruple any basket gain. Investors will be fully exposed to any decline in the basket.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Performance securities
Underlying basket:	Equal weights of the Malaysian ringgit, Indonesian rupiah, Indian rupee and Philippine peso, all against the dollar
Amount:	$3,380,240
Maturity:	Feb. 26, 2010
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus quadruple any basket gain against the dollar; full exposure to any decline
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
Underwriters:	UBS Financial Services Inc. and Lehman Brothers Inc.
Fees:	2%

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