By Angela McDaniels
Tacoma, Wash., Jan. 11 - Lehman Brothers Holdings Inc. priced another $8 million of range notes due Jan. 24, 2023 linked to six-month Libor in two tranches, according to an FWP filing with the Securities and Exchange Commission.
This brings the total offering size to $25 million.
Lehman originally priced $3 million of the notes on Jan. 7. The company priced an additional $2 million of notes later that day, $6 million in two tranches on Jan. 8, $3 million on Jan. 9 and another $3 million on Jan. 10.
Interest is payable quarterly and equals 8.75% per year multiplied by the proportion of days on which six-month Libor is at least 0% and not more than 7%.
The notes are callable at par on any interest payment date beginning April 24, 2008.
Lehman Brothers Inc. is the underwriter.
Issuer: | Lehman Brothers Holdings Inc.
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Issue: | Range notes
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Amount: | $25 million, upsized from $3 million
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Maturity: | Jan. 24, 2023
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Coupon: | 8.75% per year multiplied by the proportion of days on which six-month Libor is at least 0% and not more than 7%; payable quarterly
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Price: | Variable
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Payout at maturity: | Par
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Call: | At par on interest payment dates beginning April 24, 2008
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Pricing date: | Jan. 7 for $5 million; Jan. 8 for $6 million; Jan. 9 for $3 million; Jan. 10 for $3 million; Jan. 11 for $8 million
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Settlement date: | Jan. 24
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Underwriter: | Lehman Brothers Inc.
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Fees: | 1.2%
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