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Lehman plans to price principal protection barrier notes linked to price of gold
By E. Janene Geiss
Philadelphia, March 10 - Lehman Brothers Holdings Inc. plans to price zero-coupon 100% principal protection barrier notes expected to mature April 2, 2010 linked to the price of gold, according to an FWP filing with the Securities and Exchange Commission.
If the price of gold in dollars per fine troy ounce increases, but stays below a close of 141.5% to 148.5% of its initial level on any day during the life of the notes, the payout at maturity will be par plus any gain on the price of gold. The exact upper barrier will be determined at pricing.
Otherwise, the payout will be par.
The notes are expected to price March 26 and settle April 2.
Lehman Brothers Inc. is the underwriter.
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