By Angela McDaniels
Seattle, Nov. 3 - Lehman Brothers Holdings Inc. priced a $15 million issue of 0% Foreign Exchange Range Notes due May 3, 2007 linked to the euro/dollar spot exchange rate, according to a 424B3 filing with the Securities and Exchange Commission.
The deal was previously reported at a size of $25 million.
Payout at maturity will be 106% of par if the euro/dollar spot exchange rate remains within the reference range of 1.202 dollars per euro to 1.322 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.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Foreign Exchange Range Notes
|
| Underlying exchange rate: | Euro/dollar
|
| Amount: | $15 million
|
| Maturity: | May 3, 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: | 1.262 dollars per euro
|
| Reference range: | 1.202 dollar per euro to 1.322 dollars per euro
|
| Pricing date: | Oct. 20
|
| Settlement date: | Nov. 3
|
| Underwriter: | Lehman Brothers Inc.
|
| Underwriting discount: | None
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
