Lehman plans protected FX notes linked to five currencies

By Susanna Moon

Chicago, May 5 - Lehman Brothers Holdings Inc. plans to price two-year 100% principal protection FX notes due May 31, 2011 linked to the performance of a basket of currencies against the dollar, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of equal weights (20%) of the euro, British pound, Japanese yen, Singapore dollar and Swiss franc.

Payout at maturity will be par plus any gain on the basket times a participation rate that will be between 160% and 210%. The exact rate will be set at pricing.

Investors will receive at least par.

The notes are expected to price on May 23 and settle on May 30.

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.