Rule 424(b)(2)
Registration No. 333-75723
PRICING SUPPLEMENT NO. 15 dated September 8, 1999
to Prospectus Supplement dated April 30, 1999
and Prospectus dated April 30, 1999
LEHMAN BROTHERS HOLDINGS INC.
Medium-Term Notes, Series F
Due Nine Months or More From the Date of Issue
(Fixed Rate)
Cusip No.: 52517PQN4
Principal Amount: $30,000,000
Price to Public: 100.00%
Agent's Commission: 0.350%
Original Issue Date: 09/24/99
Interest Rate Per Annum: 8.00%
Interest Payment Dates: Monthly on the 24th, commencing 10/24/99
Maturity Date: 09/24/14
Authorized Denomination: $1,000 or any larger whole multiple.
Call Option: The Issuer has the right to call the issue
every two years at par beginning on the
first call date. Call notice is 30
calendar days.
First Call Date: 09/24/02
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.
Lehman Brothers Holdings Inc.
By: /s/ Kathryn Bopp Flynn_
Name: Kathryn Bopp Flynn
Title: Assistant Vice President
