By Jennifer Chiou
New York, Dec. 21 - Lehman Brothers Holdings Inc. priced a $34,389,500 issue of warrants due June 20, 2008 linked to the Japanese yen, according to an FWP filing with the Securities and Exchange Commission.
The 5.45 million warrants were priced at $6.31 each.
The warrants are exercisable at any time. Upon exercise of each warrant, investors will receive the notional amount of the warrant, $90.00, multiplied by the percentage change in the dollar/yen spot exchange rate.
Any warrants that remain outstanding on the expiration date will be automatically exercised on that date.
Lehman Brothers Inc. and Oppenheimer & Co. are the underwriters.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Warrants
|
| Underlying asset: | Japanese yen
|
| Expiration: | June 20, 2008
|
| Amount: | $34,389,500
|
| Warrants: | 5.45 million
|
| Price: | $6.31 each
|
| Exercise: | Anytime; investors will receive the notional amount of the warrant, $90.00, multiplied by the percentage change in the dollar/yen spot exchange rate
|
| Initial exchange rate: | 118.10 Japanese yen per dollar
|
| Pricing date: | Dec. 20
|
| Settlement date: | Dec. 28
|
| Underwriters: | Lehman Brothers Inc., Oppenheimer & Co.
|
| Fees: | 0.25%
|
| Listing: | Amex: BYW.WS
|
© 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.
