By Jennifer Chiou
New York, Oct. 23 - Lehman Brothers Holdings Inc. priced a $15 million issue of 0% Double Conditional Range Notes due Jan. 25, 2007 linked to the euro/dollar and dollar/Mexican peso spot exchange rates, according to a 424B3 filing with the Securities and Exchange Commission.
Payout at maturity will be 102.5% of par if both spot exchange rates remain within their reference ranges during the life of the notes. Investors will receive par if either exchange rate trades outside its reference range.
The euro/dollar reference range is 1.190 dollars per euro to 1.325 dollars per euro.
The dollar/peso reference range is 10.50 pesos per dollar to 11.45 pesos per dollar.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Double Conditional Range Notes
|
| Underlying exchange rates: | Euro/dollar, dollar/Mexican peso
|
| Amount: | $15 million
|
| Maturity: | Jan. 25, 2007
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | 102.5% of par if the exchange rates remain within the reference ranges; otherwise par
|
| Initial exchange rates: | 1.2582 dollars per euro; 10.8703 pesos per dollar
|
| Reference ranges: | 1.190 dollars per euro to 1.325 dollars per euro; 10.50 pesos per dollar to 11.45 pesos per dollar.
|
| Pricing date: | Oct. 19
|
| Settlement date: | Oct. 25
|
| Underwriter: | Lehman Brothers Inc.
|
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