By Angela McDaniels
Tacoma, Wash., April 9 - Lehman Brothers Holdings Inc. priced $10 million of range notes due April 24, 2023 linked to six-month Libor, according to an FWP filing with the Securities and Exchange Commission.
Interest is payable quarterly and equals 9% per year multiplied by the proportion of days on which six-month Libor is at least 0% and not more than 7%.
Beginning Oct. 24, 2008, the notes will be callable at par on any interest payment date.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Range notes
|
| Amount: | $10 million
|
| Maturity: | April 24, 2023
|
| Coupon: | 9% per year multiplied by the proportion of days on which six-month Libor is at least 0% and not more than 7%; payable quarterly
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Call option: | At par on interest payment dates from Oct. 24, 2008 onward
|
| Pricing date: | April 9
|
| Settlement date: | April 24
|
| Underwriter: | Lehman Brothers Inc.
|
| Fees: | 2%
|
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