New Issue: Lehman upsizes to $2.05 million FX notes linked to Asian currency basket

By E. Janene Geiss

Philadelphia, May 1 - Lehman Brothers Holdings Inc. priced an additional $1,025,000 of 0% foreign exchange 100% principal-protected notes due April 21, 2010 linked to the performance of a long position in the dollar versus a basket of Asian currencies, according to an FWP filing with the Securities and Exchange Commission.

The notes initially priced April 16 at $1,025,000. The add-on brings the total offering to $2.05 million.

The basket consists of equal weights of the Indonesian rupiah, Indian rupee, Hong Kong dollar, Singapore dollar and Malaysian ringgit.

The payout at maturity will be par plus 390% of any gain in the basket. Investors will receive at least par.

Lehman Brothers Inc. will be the underwriter.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Foreign exchange 100% principal-protected notes
Underlying basket:	Equal weights of the Indonesian rupiah, Indian rupee, Hong Kong dollar, Singapore dollar and Malaysian ringgit
Amount:	$2,050,000, up from $1,025,000
Maturity:	April 21, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 390% of any basket gain; floor of par
Initial rates:	9208 for rupiah; 39.96 for rupee; 7.7942 for Hong Kong dollar; 1.3567 for Singapore dollar and 3.1631 for Malaysian ringgit
Pricing date:	April 16, April 30 for added $1.25 million tranche
Settlement date:	May 2
Underwriter:	Lehman Brothers Inc.
Fees:	1.2%

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