<PAGE>
Filed Pursuant to Rule 424(B)3
Registration No. 333-75723
INTERNATIONAL PROSPECTUS SUPPLEMENT
(To prospectus supplement dated January 21, 2000 and prospectus dated April 30,
1999)
$2,000,000,000
LEHMAN BROTHERS HOLDINGS INC.
7.75% NOTES DUE 2005
Application has been made to list the 7.75% Notes due 2005 on the Luxembourg
Stock Exchange. The Notes are described in the attached prospectus supplement
and prospectus.
The Luxembourg Stock Exchange takes no responsibility for the contents of
this document, makes no representation as to its accuracy or completeness and
expressly disclaims any liability whatsoever for any loss however arising from
or in reliance upon the whole or any part of the contents of this document and
the attached prospectus supplement and prospectus.
Lehman Brothers Holdings Inc. ("Holdings") accepts responsibility for the
information contained in this document and the attached prospectus supplement
and prospectus.
Holdings undertakes to provide you, without charge, a copy of any and all of
the documents incorporated by reference in the attached prospectus (other than
exhibits to such documents unless such exhibits are specifically incorporated by
reference into such prospectus). Written or oral requests for such copies should
be directed to the Controller's Office, Lehman Brothers Holdings Inc., 3 World
Financial Center, New York, New York 10285, USA (212) 526-0660.
This document and the attached prospectus supplement and prosectus, together
with the documents incorporated by reference herein, will be available free of
charge at the office of Kredietbank S.A., Luxembourgeoise, 43, Boulevard Royal,
L-2955 Luxembourg.
Notices to holders of the Notes will be published in a leading daily
newspaper in The City of New York, in London, and, so long as the Notes are
listed on the Luxembourg Stock Exchange, in Luxembourg. It is expected that
publication will be made in The City of New York in THE WALL STREET JOURNAL, in
London in the FINANCIAL TIMES, and in Luxembourg in the LUXEMBOURGER WORT. Any
such notice shall be deemed to have been given on the date of such publication
or, if published more than once, on the date of the first such publication.
- --------------------------------------------------------------------------------
LEHMAN BROTHERS
<TABLE>
<S> <C>
ABN AMRO INCORPORATED BANC OF AMERICA SECURITIES LLC
BANC ONE CAPITAL MARKETS, INC. BARCLAYS CAPITAL
BEAR, STEARNS & CO. INC. CHASE SECURITIES INC.
COMMERZBANK AKTIENGESELLSCHAFT CREDIT LYONNAIS
DG BANK DEUTSCHE GENOSSENSCHAFTSBANK AG DRESDNER KLEINWORT BENSON
FIDELITY CAPITAL MARKETS HSBC
A DIVISION OF NATIONAL FINANCIAL SG COWEN
SERVICES CORPORATION WESTDEUTSCHE LANDESBANK GIROZENTRALE
ING BARINGS/BBL
WACHOVIA SECURITIES, INC.
</TABLE>
January 21, 2000
<PAGE>
CONSOLIDATED CAPITALIZATION OF
LEHMAN BROTHERS HOLDINGS INC. AND SUBSIDIARIES
<TABLE>
<CAPTION>
AT NOVEMBER 30, 1998 AT AUGUST 31, 1999
-------------------- ------------------
(IN MILLIONS)
<S> <C> <C>
COMMERCIAL PAPER AND SHORT-TERM DEBT... $ 6,657 $ 6,669
LONG-TERM DEBT:
Senior notes(1)...................... 23,873 26,577
Subordinated debt(1)................. 3,468 3,280
------- -------
TOTAL LONG-TERM DEBT................. 27,341 29,857
------- -------
TOTAL COMMERCIAL PAPER, SHORT- AND
LONG-TERM DEBT..................... 33,998 36,526
------- -------
Trust preferred securities subject to
mandatory redemption................. -- 710
STOCKHOLDERS' EQUITY:
Preferred Stock...................... 908 758
Common Stock: $0.10 par value;
300,000,000 shares authorized;
shares issued: 121,801,123 at
November 30, 1998 and 122,618,798
at August 31, 1999; shares
outstanding: 113,657,877 at
November 30, 1998 and 120,070,089
at August 31, 1999................. 12 12
Additional paid-in capital........... 3,534 3,406
Accumulated other comprehensive
income (net of tax)................ 15 5
Retained earnings.................... 1,105 1,817
Other stockholders' equity, net...... 269 87
Common stock in treasury at cost:
8,143,246 shares in 1998 and
2,548,709 shares in 1999........... (430) (135)
------- -------
TOTAL STOCKHOLDERS' EQUITY........... 5,413 5,950
------- -------
TOTAL COMMERCIAL PAPER, SHORT- AND
LONG-TERM DEBT, TRUST PREFERRED
SECURITIES AND STOCKHOLDERS'
EQUITY............................... $39,411 $43,186
======= =======
</TABLE>
- ------------------------
(1) Long-term debt at August 31, 1999 was as follows:
<TABLE>
<CAPTION>
U.S. DOLLAR NON-U.S. DOLLAR
------------------- ------------------- TOTAL AT
FIXED FLOATING FIXED FLOATING AUGUST 31,
RATE RATE RATE RATE 1999
-------- -------- -------- -------- ----------
(IN MILLIONS)
<S> <C> <C> <C> <C> <C>
Senior notes
Maturing in fiscal 1999...................... $ 422 $ 457 $ 53 $ 49 $ 981
Maturing in fiscal 2000...................... 3,203 3,619 583 279 7,683
Maturing in fiscal 2001...................... 1,449 1,123 481 319 3,372
Maturing in fiscal 2002...................... 1,661 1,609 194 750 4,214
Maturing in fiscal 2003...................... 2,310 506 426 515 3,757
December 1, 2003 and thereafter.............. 4,309 172 1,776 313 6,570
------- ------ ------ ------ -------
Total senior notes........................... 13,353 7,486 3,513 2,225 26,577
Subordinated debt
Maturing in fiscal 1999...................... 155 0 0 0 155
Maturing in fiscal 2000...................... 192 6 0 0 198
Maturing in fiscal 2001...................... 194 0 0 0 194
Maturing in fiscal 2002...................... 250 96 0 0 346
Maturing in fiscal 2003...................... 475 0 0 0 475
December 1, 2003 and thereafter.............. 1,792 103 17 0 1,912
------- ------ ------ ------ -------
Total subordinated debt...................... 3,058 205 17 0 3,280
Total long-term debt........................... $16,411 $7,691 $3,530 $2,225 $29,857
</TABLE>
There has been no material change in the capitalization of Holdings since
August 31, 1999 to the date of this document.
IS-2
<PAGE>
LEHMAN BROTHERS HOLDINGS INC. AND CONSOLIDATED SUBSIDIARIES
SELECTED FINANCIAL DATA
(IN MILLIONS OF U.S. DOLLARS)
<TABLE>
<CAPTION>
TWELVE MONTHS NINE MONTHS
ENDED ENDED
NOVEMBER 30, AUGUST 31,
------------------- -------------
1997 1998 1999
-------- -------- -------------
<S> <C> <C> <C>
OPERATING RESULTS
Net revenues.............................................. $ 3,873 $ 4,113 $ 3,929
Total non-interest expense................................ 2,936 3,061 2,737
Income before taxes and dividends on trust preferred
securities.............................................. 937 1,052 1,192
Net income................................................ 647 736 830
BALANCE SHEET
ASSETS:
Cash and cash equivalents................................. 1,685 3,055 4,788
Securities and other financial instruments owned.......... 76,862 77,000 87,105
Collateralized short-term agreements...................... 57,752 58,722 94,203
Receivables............................................... 12,838 11,965 13,081
Property, equipment and leasehold improvements (net of
accumulated depreciation and amortization).............. 468 505 489
Other assets.............................................. 787 1,297 1,134
Total assets.............................................. 151,705 153,890 202,149
LIABILITIES AND STOCKHOLDERS' EQUITY:
Securities and other financial instruments sold but not
yet purchased........................................... 30,080 28,803 48,415
Collateralized short-term financing....................... 71,050 70,895 97,398
Payables.................................................. 13,857 10,525 9,085
Accrued liabilities and other payables.................... 4,116 4,256 4,065
Long-term debt............................................ 20,261 27,341 29,857
Total liabilities......................................... 147,182 148,477 195,489
Total stockholders' equity................................ 4,523 5,413 5,950
</TABLE>
IS-3
<PAGE>
DIRECTORS AND PRINCIPAL EXECUTIVE OFFICERS
OF LEHMAN BROTHERS HOLDINGS INC.
The Directors and Executive Officers of Holdings are as follows:
<TABLE>
<CAPTION>
PRINCIPAL OCCUPATION
--------------------
<S> <C>
DIRECTORS
Richard S. Fuld, Jr.................. Chairman and Chief Executive Officer
Michael L. Ainslie................... Former President and Chief Executive Officer, Sotheby's
Holdings
John F. Akers........................ Retired Chairman, International Business Machines
Corporation
Roger S. Berlind..................... Theatrical Producer
Thomas H. Cruikshank................. Retired Chairman and Chief Executive Officer, Halliburton
Company
Dr. Henry Kaufman.................... President, Henry Kaufman & Company, Inc.
Hideichiro Kobayashi................. Director and General Manager for the Americas, Nippon Life
Insurance Company
John D. Macomber..................... Principal, JDM Investment Group
Dina Merrill......................... Director and Vice Chairman, RKO Pictures, Inc.
EXECUTIVE OFFICERS
Richard S. Fuld, Jr.................. Chairman and Chief Executive Officer
John L. Cecil........................ Managing Director, Chief Financial and Administrative
Officer
Joseph M. Gregory.................... Managing Director, Head of Equities Division
Bradley H. Jack...................... Managing Director, Head of Investment Banking
Bruce R. Lakefield................... Managing Director, Chairman, Lehman Brothers Europe
Stephen M. Lessing................... Managing Director, Head of Global Sales and Research
Kevin J. McGilloway.................. Managing Director, Chief Information Officer
Michael F. McKeever.................. Managing Director, Head of Private Equity
Maryanne Rasmussen................... Managing Director, Chief Human Resources Officer
Mark Rufeh........................... Managing Director, Chief Operations Oficer
Thomas A. Russo...................... Managing Director, Chief Legal Officer
Jeffrey Vanderbeek................... Managing Director, Head of Fixed Income Division
Jarett F. Wait....................... Managing Director, Chief Operating Officer, Lehman Brothers
Asia
</TABLE>
IS-4
<PAGE>
GENERAL INFORMATION
Application has been made to list the Notes on the Luxembourg Stock
Exchange. In connection with the listing application, the Certificate of
Incorporation and the By-Laws of Holdings and a legal notice relating to the
issuance of the Notes have been deposited prior to listing with GREFFIER EN CHEF
DU TRIBUNAL D'ARRONDISSEMENT DE ET A LUXEMBOURG, where copies thereof may be
obtained upon request. Copies of the above documents together with this
document, the attached prospectus supplement and the accompanying prospectus,
the Indenture and Holdings' current Annual and Quarterly reports, as well as all
future Annual Reports and Quarterly Reports, so long as any of the Notes are
outstanding, will be made available for inspection at the main office of
Kredietbank S.A Luxembourg, in Luxembourg. The audited financial statements of
Holdings and its consolidated subsidiaries for the year ended November 30, 1999
will be made available on or about March 1, 2000. Kredietbank S.A. in Luxembourg
will act as intermediary between the Luxembourg Stock Exchange and Holdings and
the holders of the Notes. In addition, copies of the Annual Reports and
Quarterly Reports of Holdings may be obtained free of charge at such office.
Except as disclosed or contemplated herein or in the attached prospectus
supplement or prospectus (including the documents incorporated therein by
reference), there has been no material adverse change in the financial position
of Holdings since November 30, 1998.
The independent auditors of Holdings are Ernst & Young LLP, New York, New
York.
Neither Holdings nor any of its subsidiaries is involved in litigation,
arbitration, or administrative proceedings relating to claims or amounts that
are material in the context of the issue of the Notes. Holdings is not aware of
any such litigation, arbitration, or administrative proceedings pending or
threatened.
Resolutions relating to the issue and sale of the Notes were adopted by
Holdings Board of Directors on March 31, 1999.
The Notes have been accepted for clearance through Euroclear and Cedelbank
and have been assigned Common Code No. 010716926, International Security
Identification Number (ISIN) US524908CG36 and CUSIP No. 524908CG3.
IS-5
<PAGE>
PRINCIPAL EXECUTIVE OFFICE OF HOLDINGS
Lehman Brothers Holdings Inc.
3 World Financial Center
New York, New York 10285
TRUSTEE
Citibank, N.A.
Corporate Trust Office
111 Wall Street
New York, New York 10043
LUXEMBOURG STOCK EXCHANGE LISTING AND PAYING AGENT
Kredietbank S.A. Luxembourgeoise
43, Boulevard Royal
L-2955 Luxembourg
LEGAL ADVISERS TO THE UNDERWRITERS
Simpson Thacher & Bartlett
425 Lexington Avenue
New York, New York 10017
INDEPENDENT AUDITORS
Ernst & Young LLP
787 Seventh Avenue
New York, New York 10019
IS-6
