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Lehman to price principal-protected notes linked to four Asian currencies via UBS
By E. Janene Geiss
Philadelphia, March 4 - Lehman Brothers Holdings Inc. plans to price zero-coupon principal-protected notes with enhanced participation due March 31, 2010 linked to an equally weighted basket of four Asian currencies, according to an FWP filing with the Securities and Exchange Commission.
UBS Financial Services Inc. and Lehman Brothers Inc. are the underwriters.
The basket consists of the Indonesian rupiah, Indian rupee, Malaysian ringgit and Philippine peso.
The payout at maturity will be par of $10 plus the return on the basket multiplied by a participation rate of 180% to 210%. The exact participation rate will be determined at pricing. Investors will receive at least par.
The notes are expected to price March 26 and settle March 31.
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