Published on 8/5/2008 in the Prospect News Structured Products Daily.
New Issue: Lehman sells $1.84 million principal protection notes linked to S&P 500
By Susanna Moon
Chicago, Aug. 5 - Lehman Brothers Holdings Inc. priced $1.84 million of 100% principal protection notes due Aug. 6, 2011 linked to the S&P 500 index, according to a 424B2 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.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Principal protection notes
|
| Underlying index: | S&P 500
|
| Amount: | $1.84 million
|
| Maturity: | Aug. 6, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; floor of par
|
| Initial index level: | 1,260.31
|
| Pricing date: | Aug. 1
|
| Settlement date: | Aug. 6
|
| Underwriter: | Lehman Brothers Inc.
|
| Fees: | 2%
|
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