Published on 6/26/2008 in the Prospect News Structured Products Daily.
New Issue: Lehman prices $232,000 bullish dollar FX notes linked to dollar versus the euro
By E. Janene Geiss
Philadelphia, June 26 - Lehman Brothers Holdings Inc. priced $232,000 of 0% foreign exchange 100% principal-protected notes due June 30, 2011 linked to the performance of a long position in the dollar versus the euro, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 145% of any appreciation in the dollar against the euro. Investors will receive at least par.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Foreign exchange 100% principal-protected notes
|
| Underlying currency: | Long position in the dollar versus the euro
|
| Amount: | $232,000
|
| Maturity: | June 30, 2011
|
| Coupon: | 0%
|
| Price: | Par |
|
| Payout at maturity: | Par plus 145% of any basket gain; floor of par
|
| Initial exchange rate: | 1.5567
|
| Pricing date: | June 25 |
|
| Settlement date: | June 30
|
| Underwriter: | Lehman Brothers Inc.
|
| Fees: | 3%
|
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