Lehman plans issue of 9.55% Yeelds linked to Bristol-Myers Squibb

By Jennifer Chiou

New York, Aug. 9 - Lehman Brothers Holdings Inc. plans to price 9.55% notes due Feb. 15, 2007 structured as Yield Enhanced Equity-Linked Debt Securities (Yeelds) linked to Bristol-Myers Squibb Co. stock, according to a 424B5 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The settlement date is expected to be Aug. 15.

At maturity, investors will receive the final value of Bristol-Myers Squibb stock during the averaging period, the last five trading days, capped at 110% of the initial value, which will be payable in stock or cash at Lehman's option.

Lehman Brothers Inc. will be the underwriter.

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