New Issue: Lehman prices $232,000 principal-protected notes linked to Indian rupee, Chinese renminbi

By E. Janene Geiss

Philadelphia, May 19 - Lehman Brothers Holdings Inc. priced $232,000 of zero-coupon principal-protected notes with enhanced participation due May 21, 2012 linked to equal weights of the Indian rupee and the Chinese renminbi, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any appreciation of the basket currencies against the dollar. Investors will receive at least par.

Lehman Brothers Inc. is the underwriter.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Principal-protected notes with enhanced participation
Underlying basket:	Equal weights of Indian rupee and Chinese renminbi
Amount:	$232,000
Maturity:	May 21, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any basket gain; floor of par
Starting levels:	42.4 for rupee, 7.0000 for renminbi
Pricing date:	May 15
Settlement date:	May 21
Underwriter:	Lehman Brothers Inc.
Fees:	0.5%

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