Rule 424(b)(2)
Registration Nos. 33-56615
NASD File No. 941128001
PRICING SUPPLEMENT NO. 129
Dated July 6, 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 February 2 and August 2 and at Maturity
Pricing to Public: 70.00%
Agent's Commission: .50%
Original Issue Date: 8/2/95
Maturity Date: 8/2/10 (1)
Interest Rate Basis:
Years 1-5 8/2/95 to and including 8/1/00 0.00%
Years 6-15 8/2/00 to and including 8/1/10 9.00%
1) Call Feature: The Company has the right to call the Notes at par
on or after 8/2/00 on interest payment dates. Call notice is fifteen
calendar days.
The aggregate principal amount of this offering is $5,000,000 and
relates only to Pricing Supplement No. 129. 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
$4,268,900,000 Medium-Term Notes, Series E has been issued and
$2,768,275,000 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, which may vary
from the discount received by the Agent in such transaction.
SUPPLEMENTAL UNITED STATES FEDERAL INCOME TAX DISCLOSURE
Under the OID Regulations, the Notes will be treated as Original Issue
Discount Notes with OID that must be accrued through August 2, 2000.
The amount of OID on a Note will equal the difference between the
Stated Redemption Price at Maturity (the stated principal amount
herein) of such Note and its Issue Price. United States Holders
should accrue OID in income on a constant yield basis as more fully
described in the Prospectus Supplement to which this Pricing
Supplement relates.
In the event the Company does not call the Notes on the first call
date, the Notes should be treated as reissued on such date for an
amount equal to the Notes' Adjusted Issue Price (the stated principal
amount herein). Moreover, all of the stated interest payments on the
Notes will be treated as OID. As a result, United States Holders
will, in effect, be required to accrue interest income on a constant
yield basis even if the holders are on the cash method of tax
accounting.
A United 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.
