New Issue: Lehman prices $1.03 million notes linked to Asian currency basket

By Laura Lutz

Des Moines, April 16 - Lehman Brothers Holdings Inc. priced $1.03 million of notes due April 21, 2010 linked to the appreciation of a basket of five Asian currencies, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of equal weights of the Indonesian rupiah, the Indian rupee, the Hong Kong dollar, the Singaporean dollar and the Malaysian ringgit, all against the U.S. dollar.

The payout at maturity will be par plus 390% of any basket gain. Investors will receive at least par.

Lehman Brothers Inc. is the underwriter.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Notes
Underlying basket:	Indonesian rupiah (20% weight), Indian rupee (20% weight), Hong Kong dollar (20% weight), Singaporean dollar (20% weight) and Malaysian ringgit (20% weight)
Amount:	$1,025,000
Maturity:	April 21, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 390% of any basket gain; floor of par
Initial rates:	7.7942 for Hong Kong dollar, 9208 for rupiah, 39.96 for rupee, 3.1631 for ringgit, 1.3567 for Singaporean dollar
Pricing date:	April 16
Settlement date:	April 21
Underwriter:	Lehman Brothers Inc.
Fees:	1.2%

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