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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: John Pitera who wrote (51141)7/12/1999 7:28:00 AM
From: wlheatmoon  Read Replies (1) of 86076
 
John,
Thanks for VIX info.

I find this very, very intriguing for an investment.....
<<As it has done every July 1 since 1949, Lehman Brothers has released its list of 10 Uncommon Values, stocks the firm believes are the best bets for the ensuing year. This time, there is an interesting listed security that will let investors capture the performance of these picks -- which have a shining long-term record for the next five years.

Listed on the American Stock Exchange under the symbol UNL, these are notes issued by Lehman's parent with an initial face value of $1,000 each, an amount that is guaranteed as a minimum payoff at maturity in 2004. Investors will get more than their $1,000 back if the 10 Uncommon Values Index (UVL) -- which will track Lehman's list as it changes annually -- rises by more than 17% by maturity. Note holders will pocket the full amount of any gain above that threshold, and can even redeem the notes for their cash value any time after July 2001. The list's components can be found at www.lehman.com.>>

mike
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