New Issue: Lehman prices $288,000 enhanced participation notes linked to four commodities

By E. Janene Geiss

Philadelphia, June 26 - Lehman Brothers Holdings Inc. priced a $288,000 issue of zero-coupon principal-protected enhanced participation notes due July 2, 2012 linked to a commodities basket, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of equal weights of natural gas, heating oil, copper and nickel.

The payout at maturity will be par plus 190% of any basket gain. Investors will receive at least par.

Lehman Brothers Inc. is the underwriter.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Principal-protected enhanced participation notes
Underlying commodities:	Equal weights of natural gas, heating oil, copper and nickel
Amount:	$288,000
Maturity:	July 2, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 190% of any basket gain; floor of par
Initial prices:	$13.011 for natural gas; $3.8136 for heating oil; $8,491.50 for copper; and $21,605.00 for nickel
Pricing date:	June 24
Settlement date:	July 1
Underwriter:	Lehman Brothers Inc.
Fees:	0.5%

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