Published on 4/28/2008 in the Prospect News Structured Products Daily.
New Issue: Lehman sells $326,000 principal protection notes with 2.25% interest linked to S&P 500
By Susanna Moon
Chicago, April 28 - Lehman Brothers Holdings Inc. priced $326,000 of 100% principal protection notes due April 30, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes bear interest at 2.25%. Interest is payable annually.
Payout at maturity will be par plus any gain in the index that exceeds an equity strike percentage of 11.25%. Investors will receive at least par.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Principal protection notes
|
| Underlying index: | S&P 500
|
| Amount: | $326,000
|
| Maturity: | April 30, 2013
|
| Coupon: | 2.25%, payable annually
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain above 11.25%; floor of par
|
| Initial index level: | 1,388.82
|
| Pricing date: | April 24
|
| Settlement date: | April 30
|
| Underwriter: | Lehman Brothers Inc.
|
| Fees: | 4%
|
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