Published on 8/8/2007 in the Prospect News Structured Products Daily.
New Issue: Lehman upsizes to $5.455 million enhanced participation notes linked to 10 commodities
By E. Janene Geiss
Philadelphia, Aug. 8 - Lehman Brothers Holdings Inc. added $405,000 to an issue of principal-protected enhanced participation notes due Aug. 9, 2010 linked to 10 commodities, according to an FWP filing with the Securities and Exchange Commission.
The issue initially priced Aug. 1 at $3.35 million and was then upsized to $5.05 million.
The basket consists of equal weights (10%) of Brent crude oil, No. 2 fuel heating oil, copper - grade A, primary nickel, special high grade zinc, gold, No. 11 world sugar, coffee robusta, class III milk and lean hogs.
The payout at maturity will be par plus 125% of the basket return. If the basket declines, investors will receive par.
Lehman Brothers Inc. will be the agent for the offering.
Issuer: | Lehman Brothers Holdings Inc.
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Issue: | Principal-protected return enhanced notes
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Underlying assets: | Equal weights (10%) of Brent crude oil, No. 2 heating oil, copper - grade A, primary nickel, special high grade zinc, gold, No. 11 world sugar, coffee robusta, class III milk and lean hogs
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Amount: | $5.455 million, up from $3.35 million
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Maturity: | Aug. 9, 2010
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 125% of any positive return on the index; floor of par
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Pricing date: | Aug. 1
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Settlement date: | Aug. 8
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Underwriter: | Lehman Brothers Inc.
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Fees: | 1.8%
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