-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, A805DyC3vEj813D74xF5PQ97crNL5S17BRN9XkszVf0bYf9DxxU3FR4N2GnkbVf0 ZJWFnAef+Qy+Bg8EEnOlwg== 0001104659-07-071477.txt : 20070927 0001104659-07-071477.hdr.sgml : 20070927 20070926190826 ACCESSION NUMBER: 0001104659-07-071477 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070927 DATE AS OF CHANGE: 20070926 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LEHMAN BROTHERS HOLDINGS INC CENTRAL INDEX KEY: 0000806085 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] IRS NUMBER: 133216325 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-134553 FILM NUMBER: 071137483 BUSINESS ADDRESS: STREET 1: LEHMAN BROTHERS STREET 2: 745 SEVENTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2125267000 MAIL ADDRESS: STREET 1: LEHMAN BROTHERS STREET 2: 745 SEVENTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: SHEARSON LEHMAN HUTTON HOLDINGS INC DATE OF NAME CHANGE: 19901017 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LEHMAN BROTHERS HOLDINGS INC CENTRAL INDEX KEY: 0000806085 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] IRS NUMBER: 133216325 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: LEHMAN BROTHERS STREET 2: 745 SEVENTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2125267000 MAIL ADDRESS: STREET 1: LEHMAN BROTHERS STREET 2: 745 SEVENTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: SHEARSON LEHMAN HUTTON HOLDINGS INC DATE OF NAME CHANGE: 19901017 FWP 1 a07-23122_62fwp.htm FWP

Filed Pursuant to Rule 433
Registration No: 333-134553

LEHMAN BROTHERS HOLDINGS INC.
EXTENDIBLE FLOATING RATE SENIOR NOTES TERM SHEET

 

Issuer:

 

Lehman Brothers Holdings Inc.

 

 

 

Ratings:

 

A1 (Moody’s)/A+ (S&P)/AA- (Fitch)

 

 

 

Principal Amount:

 

$272,200,000

 

 

 

Security Type:

 

Extendible Floating Rate Senior Notes

 

 

 

Legal Format:

 

SEC Registered Medium Term Notes

 

 

 

Issue Price:

 

100%

 

 

 

Trade Date:

 

September 26, 2007

 

 

 

Settlement Date:

 

September 28, 2007 (T+2)

 

 

 

Initial Maturity Date:

 

October 22, 2008, provided that if such day is not a Business Day, the payment of principal and interest may be made on the immediately preceding Business Day as if it were made on the date that the payment was due

 

 

 

Final Maturity Date:

 

February 22, 2009, provided that if such day is not a Business Day, the payment of principal and interest may be made on the immediately preceding Business Day as if it were made on the date that the payment was due

 

 

 

Maturity Extension Option:

 

The notes will mature on the Initial Maturity Date, unless the maturity of all or any portion of the principal amount of the notes is extended in accordance with the procedures described below. In no event will the maturity of the notes be extended beyond the Final Maturity Date.

 

 

 

 

 

During an Election Notice Period for any Election Date you may elect to extend the maturity of all or any portion of the principal amount of your notes (in any multiple of $1,000 or integral multiples of $1,000 thereof) so that the maturity of your notes will be extended to the date occurring 366 calendar days from and including the 22nd day of the next succeeding month, provided that if such day is not a Business Day, the extended maturity date will be the immediately preceding Business Day.

 

 

 

Election Date:

 

22nd day of each month, from October 22, 2007 to January 22, 2008, inclusive

 

 

 

Election Notice Period:

 

The Election Notice Period for each Election Date will begin five New York Business Days prior to an Election Date, and end at 12:00 p.m. (New York City time) on the Election Date

 

 

 

Interest Payment Dates:

 

Interest will be paid (i) on the applicable maturity date, and (ii) monthly on the 22nd of each month, beginning on October 22, 2007, provided that if any such day (other than a maturity date) is not a Business Day, then the Interest Payment Date will be postponed to the following day which is a Business Day, except that if such Business Day is in the next succeeding calendar month, such Interest Payment Date will be the immediately preceding Business Day

 

 

 

Interest Reset Dates:

 

September 28, 2007 for the initial interest period, and the 22nd day of each month thereafter

 

 

 

Interest Determination Dates:

 

Two London Business Days prior to the relevant Interest Reset Date

 

 

 

 



 

Coupon:

 

1-month LIBOR (Reuters Page LIBOR01) plus the Spread (first coupon to be based on LIBOR interpolated for the shorter first interest period)

 

 

 

Spread:

 

For Interest Reset Dates Occurring

 

Spread

 

 

 

 

 

 

 

From and including September 28, 2007 to and including January 22, 2008

 

Plus 0.17%

 

 

From and including February 22, 2008 to and including January 22, 2009

 

Plus 0.19%

 

 

 

 

 

Denominations:

 

$1,000 or any larger whole multiple

 

 

 

Underwriter:

 

Lehman Brothers Inc.

 

 

 

Business Days:

 

New York and London

 

 

 

Day Count:

 

Actual/360

 

 

 

CUSIP:

 

52520WDK4

 

The issuer has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (SEC) for this offering.  Before you invest, you should read the prospectus for this offering in that registration statement, and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering.  You may get these documents for free by searching the SEC online database (EDGAR®) at www.sec.gov.  Alternatively, you may obtain a copy of the prospectus from Lehman Brothers Inc. by calling 1-888-603-5847.


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