Published on 5/27/2008 in the Prospect News Structured Products Daily.
New Issue: Lehman prices $207,000 FX note linked to five currencies
By E. Janene Geiss
Philadelphia, May 27 - Lehman Brothers Holdings Inc. priced a $207,000 issue of 100% principal protection FX notes due May 31, 2011 linked to the performance of a basket of currencies against the dollar, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of equal weights (20%) of the euro, British pound, Japanese yen, Singapore dollar and Swiss franc.
The payout at maturity will be par plus any gain in the basket. Investors will receive at least par.
Lehman Brothers Inc. will be the underwriter.
Issuer: | Lehman Brothers Holdings Inc.
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Issue: | Foreign exchange 100% principal-protected notes
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Underlying basket: | Equal weights of the euro, British pound, Japanese yen, Singapore dollar and Swiss franc
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Amount: | $207,000
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Maturity: | May 31, 2011
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any basket gain; floor of par
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Initial rates: | 1.57685 for euro, 1.98185 for pound; 103.38000 for yen; 1.3595 for Singapore dollar and 1.02470 for franc
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Pricing date: | May 23
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Settlement date: | May 30
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Underwriter: | Lehman Brothers Inc.
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Fees: | 3%
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