Rule 424(b)(2)
Registration Nos. 33-65674
NASD File No. 930707011
PRICING SUPPLEMENT NO. 144
Dated December 29, 1995, to Prospectus
Supplement dated November 11, 1994 January 26, 1995
and Prospectus dated August 8, 1994 January 26, 1995
LEHMAN BROTHERS HOLDINGS INC.
Medium-Term Notes, Series E
(Floating Rate)
Due from Nine Months to 30 years from Date of Issue
Price to Public: 100% Initial Interest Rate: Prime Rate posted
Agent's Commission: 0% on 1/4/96
Interest Rate Basis:
( ) Treasury Rate Original Issue Date: 1/4/96
( ) LIBOR - 1 month Maturity Date: 1/6/97
( ) Commercial Paper Rate Maximum Interest Rate:______%
( ) Federal Funds Effective Rate Minimum Interest Rate:______%
( X) Prime Rate (See Attached) Spread Multiplier:__________%
( ) Other Spread (+ -) - 2.75%
Index Maturity: Daily
Interest Payment Period: Quarterly- Notwithstanding anything to the
contrary contained in the Prospectus Supplement, Interest Payment
Periods will be as follows: initially, Settlement date to but
excluding Interest Payment date, thereafter each Interest Payment
Date, and finally, the last Interest Payment date (10/6/96) to but
excluding the Maturity Date.
Interest Reset Period: Daily
Interest Reset Dates: Daily
Interest Determination Dates: As described in Prospectus Supplement
Note: The interest rate in effect on the second Business Day prior to
each interest payment date shall be the interest rate for the period
of time from such second Business Day to but excluding the relevant
interest payment date. The interest rate in effect on the second
Business Day prior to Maturity Date shall be the interest rate for the
period of time from such second Business Day to but excluding the
Maturity Date.
Interest Payment Dates: 4/6, 7/6, 10/6
The aggregate principal amount of this offering is $300,000,000 and
relates only to Pricing Supplement No. 144. 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
$4,881,400,000 Medium-Term Notes, Series E has been issued and
$2,453,365,,000 are outstanding.
The "Prime Rate" means, with respect to any Interest
Determination Date, the interest rate (expressed as a percentage per
annum) for such date, as published in the applicable H.15(519)
opposite the caption "Bank Prime loan." If such an interest rate is
not so published in H.15(519) by 9:00 a.m. New York City time, on the
Calculation Date (as defined below) the Prime Rate will be determined
by the Calculation Agent and will be the arithmetic mean (rounded to
the nearest one-hundredth thousandth of one percentage point, with
five one-millionths of one percentage point rounded upwards) of the
rates of interest publicly announced by each bank that appears on the
Reuters Screen NYMF Page (as defined below) as such bank's U.S. dollar
prime rate or base lending rate as in effect for such Interest
Determination Date, as quoted on the Reuters screen NYMF Page as of
9:00 a.m., New York City time, on that Interest Determination Date,
provided that at least four rates appear on the Reuters Screen NYMF
Page as of 9:00 a.m., New York City time, for such date. If fewer
than four such rates appear on the Reuters Screen NYMF Page as of 9:00
a.m., New York City time, for such Interest Determination Date, the
Prime Rate for such Interest Determination Date will be determined by
the Calculation Agent and will be the arithmetic mean (rounded to the
nearest one-hundredth thousandth of one percentage point, with five
one-millionths of one percentage point rounded upwards) of the rates
quoted on the basis of the actual number of days in the year divided
by 360 as of the close of business on such Interest Determination Date
by three major banks in the City of New York selected by the
Calculation Agent as such bank's U.S. dollar prime rate or base
lending rate. If fewer than three such quotations are provided, the
applicable interest rate used for such Interest Determination Date
will be calculated by the Calculation Agent and will be the arithmetic
mean (rounded to the nearest one-hundredth thousandth of one
percentage point, with five one-millionths of one percentage point
rounded upwards) of the U.S. dollar prime or base lending rates quoted
in The City of New York on the basis of the actual number of days in
the year divided by 360 as of the close of business on such Interest
Determination Date by three substitute banks or trust companies
organized and doing business under the laws of the United States or
any state thereof, each having total equity capital of at least U.S.
$500,000,000 and being subject to supervision or examination by
federal or state authority, selected by the Calculation Agent;
provided, however, that if the banks or trust companies selected
aforesaid by the Calculation Agent are not quoting as mentioned in
this sentence, the Prime Rate used for such Interest Determination
Date will be the Prime Rate used for the Banking Day preceding such
Interest Determination Date.
"Calculation Date" means, with respect to an Interest Payment Period,
the date by which the interest payment will be calculated and will be
the Business Day prior to such Interest Payment Date.
"H.15(519)" means the weekly statistical release designated as such,
or any successor publication, published by the Board of Governors of
the Federal Reserve System.
"Reuters Screen NYMF Page" means the display designated as page "NYMF"
on the Reuters Monitor Money Rates Service (or such other page as may
replace the NYMF page on that service for the purpose of displaying
U.S. dollar prime rates or base lending rates of major United States
Banks.)
