New Issue: Lehman prices $1.03 million principal protection notes linked to Asian currencies

By Susanna Moon

Chicago, April 18 - Lehman Brothers Holdings Inc. priced $1.03 million of zero-coupon 100% principal protection notes due April 21, 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 Indonesian rupiah, the Indian rupee, the Hong Kong dollar, the Singapore dollar and the Malaysian ringgit, all relative to the dollar.

At maturity, investors will receive par plus 390% of any increase on the basket. Investors will receive at least par.

Lehman Brothers Inc. is the underwriter.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	100% principal protection notes
Underlying basket:	Equal weights of Indonesian rupiah, Indian rupee, Hong Kong dollar, Singapore dollar and Malaysian ringgit, all versus dollar
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 currency rates:	9,208 for rupiah, 39.96 for rupee, 7.7942 for Hong Kong dollar, 1.3567 for Singapore dollar and 3.1631 for ringgit
Pricing date:	April 16
Settlement date:	April 21
Underwriter:	Lehman Brothers Inc.
Fees:	1.2%

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