Business and Personal Finance Dictionary

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• YEELDS
  
  Yield Enhanced Equity Linked Debt Securities (sm). Lehman Brothers' proprietary synthetic Equity Linked Debt Security (q.v.). Lehman issues the security, which pays a high coupon until maturity, then pays the value of the underlying common stock (not Lehman's) – up to a cap, such as 150% of the issue price. (Pratt, Tom. "Lehman's new 'Yeelds' trade on the Amex – or do they?" IDD, Aug. 22, 1994, p. 10.)
  
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