Published on 3/27/2008 in the Prospect News Structured Products Daily.
New Issue: Lehman prices $155,000 capped return notes linked to S&P 500
By Laura Lutz
Des Moines, March 27 - Lehman Brothers Holdings Inc. priced $155,000 of zero-coupon 100% principal protection capped return notes due April 1, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain on the index, subject to a minimum payout equal to 108% of par.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | 100% principal protection capped return notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $155,000
|
| Maturity: | April 1, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; floor of 108% of par
|
| Initial level: | 1,352.99
|
| Pricing date: | March 25
|
| Settlement date: | March 31
|
| Underwriters: | Lehman Brothers Inc.
|
| Fees: | 4%
|
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