By Angela McDaniels
Tacoma, Wash., Nov. 15 - Lehman Brothers Holdings Inc. priced $1.59 million of 0% buffered return enhanced notes due Nov. 16, 2011 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the Dow Jones Euro Stoxx 50 index with a 50% weight, the Nikkei 225 index with a 30% weight and the FTSE 100 index with a 20% weight.
If the final basket level is greater than the initial basket level, the payout at maturity will be par plus 160% of the basket gain. Investors will receive par if the final basket level declines by 7.5% or less and will lose 1% for each 1% decline beyond 7.5%.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Buffered return enhanced notes
|
| Underlying indexes: | Dow Jones Euro Stoxx 50 (50% weight), Nikkei 225 (30% weight) and FTSE 100 (20% weight)
|
| Amount: | $1.59 million
|
| Maturity: | Nov. 16, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 160% of any basket gain; par if basket falls by 7.5% or less; 1% loss for each 1% decline beyond 7.5%
|
| Initial index levels: | 4,311.98 for Euro Stoxx; 15,126.63 for Nikkei; 6.362.4 for FTSE 100
|
| Pricing date: | Nov. 13
|
| Settlement date: | Nov. 16
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| Underwriter: | Lehman Brothers Inc.
|
| Fees: | None
|
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