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Lehman plans enhanced participation notes linked to global currency basket
By E. Janene Geiss
Philadelphia, May 27 - Lehman Brothers Holdings Inc. plans to price principal-protected 0% enhanced participation notes due Dec. 30, 2010 linked to a global currency basket, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of equal weights of the Brazilian real, Hungarian forint, Turkish lira, Russian ruble and Indonesian rupiah.
The payout at maturity will be par plus at least 500% of any basket gain. The exact rate will be set at pricing. Investors will receive at least par.
The notes are expected to price June 24 and settle June 30.
Lehman Brothers Inc. is the underwriter.
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