TRUPS IS EQUITY
From 10-K
Junior Subordinated Notes
Junior subordinated notes are notes issued to trusts or limited partnerships (collectively, the “Trusts”) and qualify as equity
capital by leading rating agencies (subject to limitation). The Trusts were formed for the purposes of: (a) issuing securities
representing ownership interests in the assets of the Trusts; (b) investing the proceeds of the Trusts in junior subordinated
notes of Holdings; and (c) engaging in activities necessary and incidental thereto. The securities issued by the Trusts are
comprised of the following:
November 30,
In millions 2007 2006
Trust Preferred Securities:
Lehman Brothers Holdings Capital Trust III, Series K $ 300 $ 300
Lehman Brothers Holdings Capital Trust IV, Series L 300 300
Lehman Brothers Holdings Capital Trust V, Series M 400 399
Lehman Brothers Holdings Capital Trust VI, Series N 225 225
Lehman Brothers Holdings Capital Trust VII 1,000 —
Lehman Brothers Holdings Capital Trust VIII 500 —
Euro Perpetual Preferred Securities:
Lehman Brothers U.K. Capital Funding LP 256 231
Lehman Brothers U.K. Capital Funding II LP 369 329
Enhanced Capital Advantaged Preferred Securities (ECAPS®):
Lehman Brothers Holdings E-Capital Trust I 255 296
Enhanced Capital Advantaged Preferred Securities (Euro ECAPS®):
Lehman Brothers U.K. Capital Funding III L.P. 577 658
Lehman Brothers U.K. Capital Funding IV L.P. 295 —
Lehman Brothers U.K. Capital Funding V L.P. 500 —
$4,977 $2,738
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Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Name of each exchange
on which registered
Common Stock, $.10 par value New York Stock Exchange
Depositary Shares representing 5.94% Cumulative Preferred Stock, Series C New York Stock Exchange
Depositary Shares representing 5.67% Cumulative Preferred Stock, Series D New York Stock Exchange
Depositary Shares representing 6.50% Cumulative Preferred Stock, Series F New York Stock Exchange
Depositary Shares representing Floating Rate Cumulative Preferred Stock, Series G New York Stock Exchange
5.857% Normal Mandatory Capital Advantaged Preferred Securities New York Stock Exchange
5.857% Floating Rate Normal Mandatory Capital Advantaged Preferred Securities New York Stock Exchange
6.375% Trust Preferred Securities, Series K, of Subsidiary Trust (and Registrant’s guarantee thereof) New York Stock Exchange
6.375% Trust Preferred Securities, Series L, of Subsidiary Trust (and Registrant’s guarantee thereof) New York Stock Exchange
6.00% Trust Preferred Securities, Series M, of Subsidiary Trust (and Registrant’s guarantee thereof) New York Stock Exchange
6.24% Trust Preferred Securities, Series N, of Subsidiary Trust (and Registrant’s guarantee thereof) New York Stock Exchange
2.00% Medium Term Notes, Series H, Due March 3, 2009 Performance Linked to the Common Stock of Morgan Stanley (MS) American Stock Exchange
Absolute Buffer Notes Due July 29, 2008, Linked to the Dow Jones EURO STOXX50SM Index (SX5E) American Stock Exchange
Absolute Buffer Notes Due July 7, 2008, Linked to the Dow Jones EURO STOXX 50SM Index (SX5E) American Stock Exchange
Currency Basket Warrants Expiring February 13, 2008 American Stock Exchange
Dow Jones Global Titans 50 Index SM Stock Upside Note Securities® Due February 9, 2010 American Stock Exchange
Dow Jones Industrial Average Stock Upside Note Securities® Due April 29, 2010 American Stock Exchange
Index-Plus Notes Due December 23, 2009, Performance Linked to the Russell 2000® INDEX (RTY) American Stock Exchange
Index-Plus Notes Due March 3, 2010, Linked to the S&P 500® Index (SPX) American Stock Exchange
Index-Plus Notes Due November 15, 2009, Linked to the Dow Jones STOXX 50SM Index (SX5P) American Stock Exchange
Index-Plus Notes Due September 28, 2009, Performance Linked to S&P 500® Index (SPX) American Stock Exchange
Japanese Yen Linked Warrants Expiring June 20, 2008 American Stock Exchange
Nasdaq-100® Index Rebound Risk AdjustiNG Equity Range SecuritiesSM Notes Due June 7, 2008 American Stock Exchange
Nikkei 225SM Index Stock Upside Note Securities® Due June 10, 2010 American Stock Exchange
S&P 500® Index Callable Stock Upside Note Securities® Due November 6, 2009 American Stock Exchange
S&P 500® Index Stock Upside Note Securities® Due August 5, 2008 American Stock Exchange
