By Angela McDaniels
Seattle, Oct. 4 - Lehman Brothers Holdings Inc. priced a $5 million issue of 0% Foreign Exchange Range Notes due Dec. 27, 2006 linked to the euro/dollar spot exchange rate, according to an FWP filing with the Securities and Exchange Commission.
Payout at maturity will be 103% of par if the euro/dollar spot exchange rate remains within the reference range between Oct. 3 and Dec. 22. Otherwise, the payout will be par.
The reference range is 1.2430 dollars per euro to 1.3070 dollars per euro.
Issuer: | Lehman Brothers Holdings Inc.
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Issue: | Foreign Exchange Range Notes
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Underlying exchange rate: | Euro/dollar
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Amount: | $5 million
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Maturity: | Dec. 27, 2006
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | 103% of par if the exchange rate remains within the reference range, otherwise par
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Initial exchange rate: | 1.2732 dollars per euro
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Reference range: | 1.2430 dollars per euro to 1.3070 dollars per euro
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Pricing date: | Oct. 3
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Settlement date: | Oct. 5
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Underwriter: | Lehman Brothers Inc.
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