SI
SI
discoversearch

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.
Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: kdavy who wrote (54729)10/27/2001 5:53:49 PM
From: JSLyons  Respond to of 70976
 
Got the following email from CSFBdirect, but haven't been able to download any details. Any thoughts from the thread welcome, although still pretty sketchy.

"Lehman is putting together a new security, based on basket of five tech stocks and paying interest of %8 pct. Lehman Brothers Holdings, Inc. Portfolio YEELDS Plus are a series of senior unsecured callable debt securities of Lehman Brothers Holdings, Inc. which has a coupon payment of 8% per annum, expressed as a % of the Principal amount, and whose principal repayment is based on the performance of a equal-dollar weighted basket of 5 common stock: AMAT, CSCO, ORCL, SUNW, & VRTS."

Rgds,
Jonathan