Lehman plans principal-protected bull notes linked to mixed Australia basket

By E. Janene Geiss

Philadelphia, June 4 - Lehman Brothers Holdings Inc. plans to price zero-coupon 100% principal-protected Aussie bull notes due June 27, 2012 linked to an index, currency and commodity basket, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of the S&P/ASX 200 Index with a 33.34% weight, the spot rate of the Australian dollar against the U.S. dollar with a 33.34% weight, high grade primary aluminum with a 16.66% weight and copper - grade A with a 16.66% weight.

The payout at maturity will be par plus any gain on the basket. Investors will receive at least par.

The notes are expected to price June 24 and settle June 27.

Lehman Brothers Inc. is the underwriter.

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