By E. Janene Geiss
Philadelphia, June 19 - Lehman Brothers Holdings Inc. priced $2.3 million of 100% principal protection notes due June 30, 2013 linked to the non-seasonally adjusted U.S. city average all items Consumer Price Index, according to an FWP filing with the Securities and Exchange Commission.
UBS Financial Services Inc. and Lehman Brothers Inc. are the agents.
Interest will be reset and payable monthly.
The coupon will be three times the year-over-year change in the CPI level, where the initial CPI level is the rate 15 months prior to the start of the interest period and the final CPI level is the rate three months prior to the start of the interest period, minus 1.5%. The coupon has a floor of 0%.
The payout at maturity will be par plus any accrued interest.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | 100% principal protection notes
|
| Underlying index: | Consumer Price Index
|
| Amount: | $2,302,000
|
| Maturity: | June 30, 2013
|
| Coupon: | Three times the year-over-year change in the CPI level, where the CPI level is the rate 15 months prior to the start of the interest period and final level is the rate three months prior to start of interest period, minus 1.5%; floor of 0%; reset and payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par plus any accrued interest
|
| Pricing date: | June 17
|
| Settlement date: | June 20
|
| Underwriter: | UBS Financial Services Inc. and Lehman Brothers Inc.
|
| Fees: | 1.75%
|
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