Rule 424(b)(2)
Registration Nos. 333-44771
NASD File No. 961029005
Cusip No: 52517PMS7
PRICING SUPPLEMENT NO. 296
Trade Date: February 18, 1998, to Prospectus
Supplement dated February 18, 1998
and Prospectus dated February 18, 1998
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: USD Prime Rate
Commission: .20% Telerate pg 125
posted on 2/20/98
Interest Rate Basis:
( ) Treasury Rate Settlement Date: 2/20/98
( ) LIBOR (3 month) Maturity Date: 8/20/99
( ) Commercial Paper Rate Maximum Interest Rate:______%
( ) Federal Funds Effective Rate Minimum Interest Rate:______%
(X) Prime Rate Spread Multiplier:__________%
( ) Other Spread (+ -) -2.70%
Index Maturity: Daily
Interest Payment Period: Quarterly
Interest Reset Period: Daily
Interest Reset Dates: Daily - Rate will freeze two business days
prior to coupon payment dates.
Interest Determination Dates: Daily as further described in the
Prospectus Supplement.
Interest Payment Dates: May 20th , August 20th, November 20th,
February 22nd, 1999, May 20th, 1999, and at maturity, subject to
modified following business day convention.
The aggregate principal amount of this offering is $28,000,000
and relates only to Pricing Supplement No. 296. Medium-Term
Notes, Series E may be issued by the company in aggregate
principal amount of up to $14,162,913,688 and, to date, including
this offering, an aggregate of $12,190,913,688 Medium-Term Notes,
Series E has been issued and $8,051,678,688 are outstanding.
