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Lehman to price 100% principal protection notes linked to euro/dollar exchange rate
By Jennifer Chiou
New York, May 23 - Lehman Brothers Holdings Inc. plans to price zero-coupon 100% principal protection notes due sometime between June 10, 2011 and Oct. 13, 2011 linked to the euro/dollar exchange rate, according to an FWP filing with the Securities and Exchange Commission.
At maturity, investors will receive par of $10 plus the absolute value of any change in the exchange rate. If the final rate does not change from the initial rate, investors will receive par.
The notes are expected to price on June 9 and settle on June 12.
UBS Financial Services Inc. and Lehman Brothers Inc. are the underwriters.
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