Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: ChrisJP who wrote (15275)	9/10/2001 1:01:34 PM
From: SpinCity1	Respond to of 208838

darn right send me those free workers DJ Lehman Registers To Sell $20M In Notes Tied To 10 Stocks 10 Sep 12:44 WASHINGTON (Dow Jones)--Lehman Brothers Holdings Inc. (LEH) has registered to sell $20 million of Return Accelerated Portfolio Debt Securities notes, or RAPIDS, tied to a basket of 10 stocks. In a prospectus filed Monday with the Securities and Exchange Commission, Lehman said the basket includes American International Group Inc. (AIG), AOL Time Warner Inc. (AOL), Citigroup Inc. (C), Exxon Mobil Corp. (XOM), General Electric Corp. (GE), Intel Corp. (INTC), International Business Machines Corp. (IBM), Microsoft Corp. (MSFT), Pfizer Inc. (PFE) and Wal-Mart Stores Inc. (WMT). The companies aren't involved in this offering and have no obligation with respect to the notes. Lehman said the notes will mature in October 2002. Upon the notes' maturity, Lehman will pay investors an amount equal to the sum of the adjusted values of the stocks in the basket. The notes will be ready for delivery in book-entry form only through Depository Trust Co. this month. The filing didn't specify the date. Immediately after the notes offering, Lehman or its subsidiaries will use part of the proceeds to acquire the stocks in the basket. Lehman or one or more of its subsidiaries also may acquire listed or over-the-counter options contracts, or other derivative or synthetic instruments, in the stocks to hedge Lehman's obligations under the notes. The rest of the proceeds will be used for general corporate purposes. Lehman will seek to list the notes on the American Stock Exchange. -By Donna Hemans, Dow Jones Newswires; 202-628-7691; donna.hemans@dowjones.com (END) DOW JONES NEWS 09-10-01 12:44 PM Copyright 2001 Dow Jones & Company, Inc.