New Issue: Lehman prices $2 million FX notes linked to currency basket

By Jennifer Chiou

New York, April 23 - Lehman Brothers Holdings Inc. priced $2 million of FX notes due Oct. 28, 2009 linked to the performance of the U.S. dollar versus a basket of currencies, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of equal weights (25%) of the euro, British pound, Canadian dollar and Swiss franc.

The payout at maturity will be par plus 105% of any appreciation of the U.S. dollar relative to the basket. Investors will receive at least par.

Lehman Brothers Inc. is the underwriter.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	FX basket-linked notes
Underlying basket:	Equal weights (25%) of the euro, British pound, Canadian dollar and Swiss franc
Amount:	$2 million
Maturity:	Oct. 28, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 105% of any gain in the U.S. dollar versus the basket; floor of par
Initial rates:	Euro at 1.5943, British pound at 1.9825, Canadian dollar at 1.0198 and Swiss franc at 1.0093
Pricing date:	April 23
Settlement date:	April 28
Underwriter:	Lehman Brothers Inc.
Fees:	1.2%

© 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.