Lehman to price principal protection notes linked to S&P 500

By Susanna Moon

Chicago, July 29 - Lehman Brothers Holdings Inc. plans to price zero-coupon 100% principal protection notes due Aug. 6, 2011 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

Payout at maturity will be par plus any gain in the index. Investors will receive at least par.

The notes are expected to price on Aug. 1 and settle on Aug. 6.

Lehman Brothers Inc. will be the underwriter.

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