Published on 5/23/2008 in the Prospect News Structured Products Daily.
New Issue: Lehman prices $1.5 million principal-protected capped participation notes linked to crude oil
By E. Janene Geiss
Philadelphia, May 23 - Lehman Brothers Holdings Inc. priced a $1.5 million offering of principal-protected capped participation notes due May 30, 2013 linked to light sweet crude oil, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus the any gain on the price of crude oil, capped at 225%. Investors will receive at least par.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Principal-protected capped participation notes
|
| Underlying asset: | light sweet crude oil
|
| Amount: | $1.5 million
|
| Maturity: | May 30, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any basket gain, capped at 225%; floor of par
|
| Initial price: | $130.81
|
| Pricing date: | May 22
|
| Settlement date: | May 30
|
| Underwriter: | Lehman Brothers Inc.
|
| Fees: | 3%
|
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