Lehman plans to price performance securities linked to Asian currencies via UBS

By E. Janene Geiss

Philadelphia, March 4 - Lehman Brothers Holdings Inc. plans to price 0% performance securities due March 31, 2010 linked to the performance of a basket of four Asian currencies against the dollar, according to an FWP 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 425% to 475% any basket gain. The exact participation rate will be determined at pricing.

Investors will be fully exposed to any decline in the basket.

The notes are expected to price March 26 and settle March 31.

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