New Issue: Lehman prices $12.02 million principal protection notes linked to Asian currencies

By Laura Lutz

Des Moines, March 28 - Lehman Brothers Holdings Inc. plans to price an issue of zero-coupon 100% principal protection notes due March 31, 2010 linked to a basket of Asian currencies, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of equal weights of the Malaysian ringgit, the Indonesian rupiah, the Indian rupee and the Philippine peso, all relative to the dollar.

At maturity, investors will receive par plus 195% of any increase on the basket. Investors will receive at least par.

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

Issuer:	Lehman Brothers Holdings Inc.
Issue:	100% principal protection notes
Underlying basket:	Equal weights of Malaysian ringgit, Indonesian rupiah, Indian rupee and Philippine peso, all against dollar
Amount:	$12,024,370
Maturity:	March 31, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 195% of any basket gain; floor of par
Pricing date:	March 26
Settlement date:	March 31
Underwriters:	UBS Financial Services Inc.; Lehman Brothers Inc.
Fees:	2%

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.