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Lehman plans to price FX notes linked to euro/dollar exchange rate
By Susanna Moon
Chicago, April 22 - Lehman Brothers Holdings Inc. plans to price 0% foreign-currency notes linked to the spot exchange rate for the euro quoted against the dollar, according to an FWP filing with the Securities and Exchange Commission.
The notes have a tenor of 18 months.
Payout at maturity will be par plus 95% of any gain in the dollar relative to the euro. If the dollar remains flat or falls against the euro, the payout will be par.
The notes will price sometime in 2008.
Lehman Brothers Inc. is the underwriter.
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