Lehman Brothers brings out second issue of Kick-Out Plan

Lehman Brothers is opening the second issue of its Kick-Out Performance Plan. The latest issue of ...

Lehman Brothers is opening the second issue of its Kick-Out Performance Plan. The latest issue of the structured product has a new feature – a semi-annual kick-out option, giving investors twice the number of chances for early maturity, the group said. The Plan will have two options linked to the FTSE 100 - a traditional annual kick-out offering 14% per year, as well as the six-monthly kick-out feature which delivers 12% per year. The offer period runs from 28 July to 26 September 2008, and the closing date for Isa transfers is 12 September. Minimum direct investment is £3,600 up to ...