By E. Janene Geiss
Philadelphia, Jan. 24 - Lehman Brothers Holdings Inc. priced $35,630,587.30 of 40.038% annualized Yield Enhanced Equity Linked Debt Securities (Yeelds) due April 30, 2009 linked to the common stock of Under Armour, Inc., according to an FWP filing with the Securities and Exchange Commission.
Interest is payable monthly.
Par equals $34.867, which is the average execution price per share that a Lehman affiliate paid to hedge the securities.
The payout at maturity will be the volume-weighted average price of the stock over the five trading days ending on April 23, 2008. The payout will be capped at $38.3537 per note, 110% of the initial price, and is payable in stock or cash, at the holder's option.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Yield Enhanced Equity Linked Debt Securities (Yeelds)
|
| Underlying stock: | Under Armour, Inc. (Symbol: UA)
|
| Amount: | $35,630,587.30
|
| Maturity: | April 30, 2009
|
| Coupon: | 40.038%, payable monthly
|
| Price: | Par of $34.867
|
| Payout at maturity: | The lesser of the volume-weighted average price of the stock over the five trading days ending on April 23, 2008 and the equity cap price, payable in cash or stock
|
| Initial share price: | $34.867
|
| Equity cap price: | $38.3537, 110% of the initial share price
|
| Pricing date: | Jan. 23
|
| Settlement date: | Jan. 30
|
| Underwriter: | Lehman Brothers Inc.
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
