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Filed Pursuant to Rule 424 (b)(3)
Registration No. 333-85219
Pricing Supplement No. 1 Dated: May 5, 2000
(To Prospectus dated March 9, 2000 and
Prospectus Supplement dated March 9, 2000)
Lucent Technologies Inc.
Medium-Term Notes, Series A
Due More than Nine Months From Date of Issue
Fixed Rate Note
Principal Amount: $25,000,000
Agent: Bear, Stearns & Co. Inc. acting as Principal
Original Issue Date: May 18, 2000
Maturity Date: May 18, 2015
Issue Price: The Agent has purchased the Notes as
principal at 100% of the principal amount
for resale to dealers and investors at
varying prices. See "Plan of Distribution"
below.
Specified Currency: U.S. Dollars
Note Form: Book-Entry
Interest Rate: 8.00%
Interest Payment Dates: The 18th calendar day of each May and
November commencing on November 18,
2000 until maturity. If the Interest
Payment Date is not a Business Day,
interest will be paid on the next Business
Day.
Accrual of Interest: Interest accrues up to, but not including,
the next relevant Interest Payment Date
from, and including, the next preceding
Interest Payment Date to which interest has
been paid (or from and including the
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Original Issue Date if no interest has
been paid on the Notes) unless the Notes
have been called for redemption as
provided for below.
Calculation Dates: N/A
Calculation Agent: N/A
Redemption: The Notes may be redeemed only in whole
prior to maturity at the option of the
Company.
Optional Redemption Dates: On each Interest Payment Date,
commencing on May 18, 2001. In the
event the Company elects to redeem the
Notes, notice will be given to
registered holders not less than 10 days
prior to the Redemption Date.
Optional Redemption Price: 100% of principal amount.
Annual Redemption Price Reduction: N/A
Repayment: The Notes cannot be repaid prior to
maturity at the option of the holder.
Renewal: The Notes cannot be renewed by the
holder.
Extension: The Notes cannot be extended prior to
maturity.
Dual Currency Notes: The Company cannot make payments in an
optional currency.
Original Issue Discount: This Note is not a Discount Note or an
Original Issue Discount Note.
Plan of Distribution:
See "Issue Price" above. The Agent (acting as principal) has advised the
Company that it proposes to offer the Notes from time to time to investors at
variable prices determined at the time of sale, and to dealers at variable
prices determined at the time of sale, which may represent selling concessions
to such dealers, for resale by the dealers to investors at varying prices
determined by such dealers at the time of resale.
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