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Lehman Brothers Holdings YEELDS 7.5% Calpine Corp. due 9/3/2005
Ticker Symbol: YLO.C* CUSIP: 524908LT5 Exchange: AMEX
* NOTE: This security is no longer trading as of 9/03/2005
QUANTUMONLINE.COM SECURITY DESCRIPTION: Lehman Brothers Holdings Inc., 7.50% YEELDS (Yield Enhanced Equity Linked Debt Securities) due 9/03/2005 and performance linked to Calpine Corp. (NYSE: CPN) common stock, issued in $1000 denominations.. The YEELDS will make quarterly coupon payments of 7.50% ($75.00) per annum on 6/3/04, 9/3/04, 12/3/04, 3/3/05, 6/3/05 and 9/3/2005 to holders of record 15 days prior to the payment date. At the maturity date of 9/03/2005, for each $1000 note the holder will receive the lesser of the alternative redemption amount or a maximum of $1,450. The alternative redemption amount will be $1000 times the ending value of Calpine Corp. common stock divided by the initial value of $5.4675 of the stock. As a result, the holder may receive less, and possibly significantly less than the original offering price at maturity. Lehman Brothers also has the option of paying the maturity payment in cash or common stock of Calpine Corp.. The YEELDS are senior unsecured debt securities of Lehman Brothers Holdings Inc. (NYSE: LEH) and will rank equally with their other unsecured and unsubordinated debt. See the IPO prospectus for additional information on the YEELDS and their maturity payment by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (LEHMQ)
IPO - 3/2/2004 - 731,595 Shares @ $5.4675/share.
Link to IPO Prospectus
Market Value $4.0 Million
Company's Online Information Links
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HOME PAGE:
http://www.lehman.com/
(This parent company URL is for reference only and does not have specific information on the security.)
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Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: 745 Seventh Avenue, 15th Floor, New York, NY 10019 |
Main Phone Number |
212-526-7000 |
Fax Number |
212-526-3738 |
Investor Relations
Shaun Butler
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212-526-8381
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Toll Free Phone Number |
800-666-2388 |
CEO - Richard S. Fuld, Jr. |
CFO - David Goldfarb |
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