New Issue: Lehman prices $8.08 million absolute return notes linked to euro/dollar exchange rate

By Angela McDaniels

Tacoma, Wash., June 12 - Lehman Brothers Holdings Inc. priced $8.08 million of zero-coupon 100% principal protection absolute return notes due July 29, 2011 linked to the euro/dollar exchange rate, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus the absolute value of any appreciation or depreciation of the euro relative to the dollar.

UBS Financial Services Inc. and Lehman Brothers Inc. are the underwriters.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	100% principal protection absolute return notes
Underlying currency:	Euro versus dollar
Amount:	$8,083,000
Maturity:	July 29, 2011
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus the absolute value of any change in the euro relative to the dollar
Initial exchange rate:	1.5566 dollars per euro
Pricing date:	June 11
Settlement date:	June 16
Underwriters:	UBS Financial Services Inc. and Lehman Brothers Inc.
Fees:	2.5%

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