New Issue: Lehman prices $267,000 enhanced participation notes linked to 10 commodities

By E. Janene Geiss

Philadelphia, May 19 - Lehman Brothers Holdings Inc. priced a $267,000 issue of zero-coupon principal-protected enhanced participation notes due Nov. 23, 2012 linked to a commodities basket, according to an FWP filing with the Securities and Exchange Commission.

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

The payout at maturity will be par plus 140% of any basket gain. Investors will receive at least par.

Lehman Brothers Inc. is the underwriter.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Principal-protected enhanced participation notes
Underlying commodities:	Equal weights of light sweet crude oil, Brent crude oil, No. 2 fuel heating oil, copper - grade A, primary nickel, special high grade zinc, gold, cocoa, class III milk and soybeans
Amount:	$267,000
Maturity:	Nov. 23, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 140% of any basket gain; floor of par
Initial prices:	$124.12 for crude oil, $122.63 for Brent crude oil, $3.6224 for heating oil, $8,360.00 for copper, $26,455.00 for nickel, $2,261.00 for zinc, $881.25 for gold, $2,629.00 for cocoa, $18.08 for milk and $1,347.50 for soybeans
Pricing date:	May 15
Settlement date:	May 22
Underwriter:	Lehman Brothers Inc.
Fees:	0.5%

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