New Issue: Lehman Brothers adds $1.1 million to participation notes linked to crude oil, total now $1.7 million

By E. Janene Geiss

Philadelphia, Aug. 13 - Lehman Brothers Holdings Inc. priced an additional $1.1 million of notes to upsize the offering of zero-coupon 100% principal-protected dual participation notes due Aug. 22, 2011 linked to the price of crude oil, according to an FWP filing with the Securities and Exchange Commission.

The additional notes bring the total amount of the offering to $1.7 million. The issue was originally priced on Aug. 8 at $600,000.

If the price of crude oil increases, the payout at maturity will be par plus 1.5% for each 1% increase. If the price of crude oil decreases, the payout will be par plus 0.4% for each 1% decline.

Lehman Brothers Inc. is the underwriter.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	100% principal-protected dual participation notes
Underlying commodity:	Crude oil
Amount:	$1.7 million, up from $600,000
Maturity:	Aug. 22, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any crude oil price increase; par plus 40% of the absolute value of any crude oil price decrease
Initial crude oil price:	$115.20 per barrel
Lower barrier:	$57.60, 50% of strike price
Upper barrier:	$172.80, 150% of strike price
Pricing date:	Aug. 8 for original notes; Aug. 13 for latest reopening
Settlement date:	Aug. 22
Underwriter:	Lehman Brothers Inc.
Fees:	2%

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