By Jennifer Chiou
New York, Oct. 18 - Lehman Brothers Holdings Inc. priced a $10 million issue of 0% Foreign Exchange Range Notes due April 27, 2007 linked to the euro/dollar spot exchange rate, according to an FWP filing with the Securities and Exchange Commission.
Payout at maturity will be 106% of par if the euro/dollar spot exchange rate remains within the reference range of 1.1917 to 1.3117 dollars per euro during the life of the notes.
If the euro/dollar spot exchange rate falls outside the reference range during the life of the notes, payout at maturity will be par.
Lehman Brothers Inc. is the underwriter for the offering.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Foreign Exchange Range Notes
|
| Underlying exchange rate: | Euro/dollar
|
| Amount: | $10 million
|
| Maturity: | April 27, 2007
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | 106% of par if the exchange rate remains within the reference range; otherwise par
|
| Initial exchange rate: | 1.2517 dollars per euro
|
| Reference range: | 1.1917 to 1.3117 dollars per euro
|
| Pricing date: | Oct. 18
|
| Settlement date: | Oct. 27
|
| Underwriter: | Lehman Brothers Inc.
|
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