New Issue: Lehman prices $2 million principal-protected bull notes linked to mixed Australia basket

By E. Janene Geiss

Philadelphia, June 27 - Lehman Brothers Holdings Inc. priced $2 million of zero-coupon 100% principal-protected Aussie bull notes due June 27, 2012 linked to an index, currency and commodity basket, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of the S&P/ASX 200 Index with a 33.34% weight, the spot rate of the Australian dollar against the U.S. dollar with a 33.34% weight, high grade primary aluminum with a 16.66% weight and copper - grade A with a 16.66% weight.

The payout at maturity will be par plus any gain on the basket. Investors will receive at least par.

Lehman Brothers Inc. is the underwriter.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	100% principal-protected Aussie bull notes
Underlying basket:	S&P/ASX 200 (33.34% weight), Australian dollar (33.34% weight), high grade primary aluminum (16.66% weight) and copper - grade A (16.66% weight)
Amount:	$2 million
Maturity:	June 27, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any basket gain; floor of par
Initial basket levels:	5,307 for S&P/ASX 200; 0.9573 for Australian dollar; $3,024.50 for aluminum; and $8,551.00 for copper
Pricing date:	June 26
Settlement date:	June 27
Underwriter:	Lehman Brothers Inc.
Fees:	2.5%

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.