Lehman plans protected FX notes linked to dollar vs. euro

By Susanna Moon

Chicago, June 2 - Lehman Brothers Holdings Inc. plans to price zero-coupon principal-protected FX notes due June 30, 2011 linked to the performance of the dollar against the euro, according to an FWP filing with the Securities and Exchange Commission.

Payout at maturity will be par plus any gain in the dollar times a participation rate of 130%.

Investors will receive at least par.

The notes are expected to price on June 25 and settle on June 30.

Lehman Brothers Inc. is the underwriter.

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