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Lehman Brothers to price Yeelds linked to SanDisk
By Angela McDaniels
Seattle, Jan. 13 - Lehman Brothers Holdings Inc. plans to price 28.2% notes in the Yield-Enhanced Equity-Linked Debt Securities (Yeelds) structure linked to SanDisk Corp. common stock, according to a 424B5 filing with the Securities and Exchange Commission.
At maturity on July 20, 2006, the notes will par unless SanDisk stock trades at less than 70% of the initial value at pricing of the notes, in which case the payout is the lesser of par and the value of 1 share of SanDisk stock.
Lehman Brothers will be the underwriter.
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