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$8.7 Billion of Lehman Equity Linked Structured Notes are in Default

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Bloomberg reports that there are 873 different issues of Lehman equity-linked structured notes outstanding with a combined face value of approximately $8.7 billion.

All of these notes are now in default.

Read the article below to understand the personal impact of the defaults and the manner in which many of these products were sold to individual investors.

Source: Bloomberg

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