Rule 424(b)(2)
Registration Nos. 33-56615
NASD File No. 941202002
PRICING SUPPLEMENT NO. 95
Dated March 1, 1995, to Prospectus
Supplement dated January 26, 1995
and Prospectus dated January 26, 1995
LEHMAN BROTHERS HOLDINGS INC.
Medium-Term Notes, Series E
(Fixed Rate)
Due from Nine Months to 30 years from Date of Issue
Interest Payable each March 28 and September 28 and at Maturity
Pricing to Public: 100%
Agent's Commission: .25%
Original Issue Date: 3/28/95
Maturity Date: 3/28/02 (1)
Interest Rate Basis:
Year 1 3/28/95 - 3/28/96 8.00%
Year 2 3/29/96 - 3/28/97 8.00%
Year 3 3/29/97 - 3/28/98 8.25%
Year 4 3/29/98 - 3/28/99 8.60%
Year 5 3/29/99 - 3/28/00 9.00%
Year 6 3/29/00 - 3/28/01 9.40%
Year 7 3/29/01 - 3/28/02 10.50%
Interest Reset Dates: 3/29/97, 3/29/98, 3/29/99, 3/29/00, 3/29/01
(1) Call Feature: The Company has the right to call the Notes in
whole on or after 3/28/97 on interest payment dates. Call notice is
ten calendar days.
The aggregate principal amount of this offering is $10,000,000 and
relates only to Pricing Supplement No. 95. Medium-Term Notes, Series E
may be issued by the company in aggregate principal amount of up to
$5,267,500,000 and, to date, including this offering, an aggregate of
$3,422,475,000 Medium-Term Notes, Series E has been issued and
$2,153,975,000 are outstanding.
The Agent has purchased the Notes as principal in this transaction
and may resell any of such Notes to another broker/dealer (acting as
principal for the purposes of resale) at a discount and the discount
allowed to such broker/dealer will not exceed the discount received
by the Agent in such transaction.
SUPPLEMENTAL UNITED STATES FEDERAL INCOME TAX DISCLOSURE
United States Holders should accrue stated interest on the Notes in
accordance with the United States Holders' method of accounting for
tax purposes. The Internal Revenue Service ("IRS"), however, has the
power in certain circumstances to treat debt instruments as Original
Issue Discount Notes causing United States Holders to include OID in
income in advance of the receipt of some or all of the related cash
payments. It is the Company's position that such treatment by the IRS
is not appropriate.
A Unites States Holder of the Notes should refer to the Prospectus
Supplement to which this Pricing Supplement relates for further tax
disclosure.
Capitalized terms not otherwise defined herein have the meaning
ascribed to them in the accompanying Prospectus Supplement or
Prospectus.
