New Issue: Lehman prices $104.77 million 8% Yeelds linked to Lyondell

New York, March 28 - Lehman Brothers Holdings Inc. priced $104.77 million of one-year 8% Yeelds (Yield Enhanced Equity-Linked Debt Securities) whose performance is linked to the common stock of Lyondell Chemical Co., according to a 424B5 filing with the Securities and Exchange Commission.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Yeelds (Yield Enhanced Equity-Linked Debt Securities) senior notes
Underlying stock:	Lyondell Chemical Co.
Amount:	$104.768 million
Greenshoe:	$15.72 million
Maturity:	April 6, 2006
Coupon:	8%, payable quarterly
Price:	Par of $29.9336
Payout at maturity:	Final value of Lyondell stock, capped at 120% of par or $35.92032, payable in cash or stock at Lehman's option
Pricing date:	March 22
Settlement date:	March 30
Underwriter:	Lehman Brothers

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