Published on 2/1/2005 in the Prospect News Convertibles Daily.
New Issue: Lehman prices $35 million 0.25% notes exchangeable for WPP
New York, Feb. 1 - Lehman Brothers Holdings Inc. priced $35 million of seven-year 0.25% notes performance linked to WPP Group plc American Depository Shares, according to a 424B5 filing with the Securities and Exchange Commission.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Performance linked senior medium-term notes
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| Underlying stock: | WPP Group plc American Depository Shares
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| Amount: | $35 million
|
| Greenshoe: | $5.25 million
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| Maturity: | Feb. 4, 2012
|
| Coupon: | 0.25%
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| Price: | Par
|
| Exchange premium: | 10%
|
| Exchange price: | $59.918
|
| Call: | Jan. 28, 2008 onwards at par, or at exchange rate if more valuable
|
| Payout at maturity: | Par or at exchange rate if more valuable
|
| Pricing date: | Jan. 28
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| Settlement date: | Feb. 4
|
| Underwriter: | Lehman Brothers
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