New Issue: Lehman prices $50 million 24.25% Yeelds linked to Corning

New York, Sept. 30 - Lehman Brothers Holdings Inc. priced $50 million 24.25% notes in the Yield-Enhanced Equity-Linked Debt Securities (Yeelds) structure linked to Corning Inc. common stock, according to a 424B5 filing with the Securities and Exchange Commission.

At maturity, the notes pay the value of one share of Corning stock, capped at $18.078, which is the initial price.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Yield-Enhanced Equity-Linked Debt Securities (Yeelds) performance-linked medium-term senior notes
Underlying stock:	Corning Inc.
Amount:	$50 million
Greenshoe:	$7.5 million
Maturity:	April 5, 2006
Coupon:	24.25%
Price:	Par
Equity cap price:	$18.078
Initial price:	$18.078
Payout at maturity:	Value of 1 share of Corning stock, capped at par of $18.078
Pricing date:	Sept. 28
Settlement date:	Oct. 5
Underwriter:	Lehman Brothers

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