Lehman to price principal-protected notes linked to commodities basket

By E. Janene Geiss

Philadelphia, April 23 - Lehman Brothers Holdings Inc. plans to price zero-coupon 100% principal-protected notes with enhanced participation due Nov. 23, 2012 linked to a commodities basket, according to an FWP filing with the Securities and Exchange Commission.

The basket will include equal weights (10%) of light sweet crude oil, brent crude oil No. 2, fuel heating oil, copper grade A, nickel, special high grade zinc, gold, cocoa, class III milk and soybeans.

The payout at maturity will be par plus the basket return multiplied by the participation rate, which is expected to be at least 120% and will be set at pricing. Investors will receive at least par.

The notes are expected to price May 15 and settle May 22.

Lehman Brothers Inc. will be the underwriter.

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