New Issue: Lehman Brothers prices $2.31 million FX notes linked to renminbi, rupee

By Angela McDaniels

Tacoma, Wash., June 19 - Lehman Brothers Holdings Inc. priced $2.31 million of 0% FX notes due June 24, 2010 linked to an equally weighted basket containing the Chinese renminbi and Indian rupee, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 180% of any basket appreciation relative to the dollar. Investors will receive at least par.

Lehman Brothers Inc. is the underwriter.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	FX basket-linked notes
Underlying currencies:	Chinese renminbi and Indian rupee, equally weighted
Amount:	$2,313,000
Maturity:	June 24, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 180% of any basket appreciation relative to the dollar; floor of par
Initial exchange rates:	6.8796 renminbi per dollar; 42.93 rupees per dollar
Pricing date:	June 19
Settlement date:	June 24
Underwriter:	Lehman Brothers Inc.
Fees:	1.2%

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