By E. Janene Geiss
Philadelphia, Dec. 19 - Lehman Brothers Holdings Inc. priced a $5 million issue of 100% principal protected "Wedding Cake" notes due Dec. 27, 2007 linked to the price of light sweet crude oil, according to an FWP filing with the Securities and Exchange Commission.
At maturity, investors will receive par plus 18% if at all times during the life of the notes crude oil remains within the narrowest barrier range, $52.8785 to $71.5415.
Investors will receive par plus 11% if crude oil remains with the middle barrier range, $51.0122 to $73.4078.
Investors will receive par plus 5% if crude oil remains within the broadest barrier range, $45.4133 to $79.0067.
If crude oil moves outside that range, payout at maturity will be par.
| Issuer: | Lehman Brothers Holdings Inc.
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| Issue: | 100% principal protected "Wedding Cake" notes
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| Underlying asset: | Light sweet crude oil
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| Amount: | $5 million
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| Maturity: | Dec. 27, 2007
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| Price: | Par
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| Payout at maturity: | Par plus 18% if crude oil remains in narrowest barrier of $52.8785 to $71.5415; par plus 11% if crude oil remains in the middle barrier of $51.0122 to $73.4078; par plus 5% if crude oil remains in the broadest barrier of $45.4133 to $79.0067; par if crude oil moves outside range.
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| Initial crude oil price: | $62.21
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| Pricing date: | Dec. 18
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| Settlement date: | Dec. 26
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| Underwriter: | Lehman Brothers Inc.
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