Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

Basis and Entitlement and Right for Individual Allowed Claims against LBHI or its Subsidiaries or Affiliates:

Upon any voluntary or involuntary liquidation or bankruptcy of Holdings, the property trustee, as holder of the subordinated debentures, would be a subordinated creditor of Holdings, subordinated in right of payment to all senior debt as set forth in the subordinated indenture, but entitled to receive payment in full of principal and interest before any stockholders of Holdings receive payments or distributions.

https://www.sec.gov/Archives/edgar/data/806085/000104746905000357/a2149684z424b2.htm

See docket 61352 and footnote 7.