By E. Janene Geiss
Philadelphia, Aug. 6 - Lehman Brothers Holdings Inc. priced $25 million of 22.65% Multi-Underlying Yield Enhanced Equity-Linked Debt Securities (Yeelds) due Sept. 11, 2009 linked to a basket of two stocks, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of the common stocks of Wyeth and International Game Technology.
The notes are priced at par of $100.00.
Interest is payable monthly.
At maturity, investors will receive a number of shares of the worst performing stock equal to par divided by the initial price of that stock, or the equivalent in cash, capped at $115.00, or 115% of par.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Multi-Underlying Yield Enhanced Equity-Linked Debt Securities (Yeelds) medium-term notes
|
| Underlying stocks: | Wyeth (Symbol: WYE); International Game Technology (Symbol: IGT)
|
| Amount: | $25 million
|
| Maturity: | Sept. 11, 2009
|
| Coupon: | 22.65%, payable quarterly
|
| Price: | Par of $100.00
|
| Payout at maturity: | Shares of worst performing stock equal to par divided by initial price of that stock, or equivalent in cash, capped at $115.00, or 115%
|
| Initial levels: | $41.6118 for Wyeth; $22.0646 for International Game
|
| Share ratios: | 2.403164 for Wyeth; 4.532147 for International Game
|
| Pricing date: | Aug. 5
|
| Settlement date: | Aug. 12
|
| Underwriter: | Lehman Brothers Inc.
|
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