Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers L > Headlines for Lehman Brothers Holdings Inc. > News item |
Lehman plans to price principal protection notes linked to Asian currencies
By Susanna Moon
Chicago, April 22 - Lehman Brothers Holdings Inc. plans to price zero-coupon 100% principal protection notes due May 21, 2012 linked to a basket of two currencies, according to an FWP filing with the Securities and Exchange Commission.
The basket contains equal weights of the Indian rupee and the Chinese renminbi.
The payout at maturity will be par plus at least 125% of any appreciation in the basket relative to the dollar. The exact participation rate will be set at pricing.
If the basket remains flat or falls against the dollar, the payout will be par.
The notes are expected to price May 15 and settle May 21.
Lehman Brothers Inc. is the underwriter.
© 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.