Rule 424(b)(2)
Registration Nos. 33-62085
NASD File No. 950825005
PRICING SUPPLEMENT NO. 150
Dated May 3, 1996, to Prospectus
Supplement dated February 23, 1996
and Prospectus dated October 30, 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: One (1) Month
Agent's Commission: .15% LIBOR Telerate
posted on 5/3/96
Interest Rate Basis:
( ) Treasury Rate Original Issue Date: 5/8/96
( X) LIBOR - 1 month Maturity Date: 6/6/97 (1)
( ) Commercial Paper Rate Maximum Interest Rate:______%
( ) Federal Funds Effective Rate Minimum Interest Rate:______%
( ) Prime Rate Spread Multiplier:__________%
( ) Other Spread (+ -) +.10% (2)
Index Maturity: 1 month
Interest Payment Period: Monthly
Interest Reset Period: Monthly
Interest Reset Dates: 8th of every month
Interest Determination Dates: Two (2) London/NY business days prior
to interest payment dates
Interest Payment Dates: 8th of every month, except 6/6/97, and at
maturity
(1) Each holder has the right to extend the maturity of the notes, or
any portion thereof having a principal amount of $1,000, or any
multiples of $1,000, in excess thereof by delivering a notice to such
effect to the trustee on any business day during the period beginning
May 8, 1997 up to and including May 23, 1997. If holder exercises its
right to extend, the extended maturity date shall be May 8, 1998
(2) The initial margin shall equal 10 basis points. The Issuer may
adjust the Interest Margin effective June 6, 1997, provided that the
Issuer shall have notified beneficial holders of any Interest Margin
Adjustment on May 8, 1997
The aggregate principal amount of this offering is $100,000,000 and
relates only to Pricing Supplement No. 150. Medium-Term Notes, Series
E may be issued by the company in aggregate principal amount of up to
$6,267,500,000 and, to date, including this offering, an aggregate of
$5,056,400,000 Medium-Term Notes, Series E has been issued and
$2,324,765,000 are outstanding.
