Published on 1/17/2006 in the Prospect News Convertibles Daily.
New Issue: Lehman prices $50 million 28.2% Yeelds linked to SanDisk stock
New York, Jan. 17 - Lehman Brothers Holdings Inc. priced $50 million of six-month 28.2% Yeelds (Yield Enhanced Equity-Linked Debt Securities) performance-linked to the common stock of SanDisk Corp., according to a 424B5 filing with the Securities and Exchange Commission.
| Issuer: | Lehman Brothers Holdings Inc.
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| Issue: | Yeelds (Yield Enhanced Equity-Linked Debt Securities) senior notes
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| Underlying stock: | SanDisk Corp.
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| Amount: | $50 million
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| Greenshoe: | $7.5 million
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| Maturity: | July 20, 2006
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| Coupon: | 28.2%
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| Price: | Par of $76.98
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| Payout at maturity: | Par if SanDisk stock never drops below trigger value of $53.886, 70% of original value, otherwise final value of SanDisk stock, capped at par or $76.98, payable in cash or stock at Lehman's option
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| Pricing date: | Jan. 12
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| Settlement date: | Jan. 20
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| Underwriter: | Lehman Brothers
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