424B3 1 rule424_b3.txt PRICING SUPPLEMENT NO. 10 Filed Pursuant to Rule 424(b)(3) Registration No. 333-121067 Pricing Supplement No. 10 dated December 15, 2005 (to Prospectus Supplement dated May 18, 2005 and Prospectus dated May 18, 2005) $7,130,000 LEHMAN BROTHERS HOLDINGS INC. Lehman Notes, Series B This Pricing Supplement supplements the terms and conditions in, and incorporates by reference, the Prospectus, dated May 18, 2005, as supplemented by the Prospectus Supplement, dated May 18, 2005 (as so supplemented, together with all documents incorporated by reference therein, the "Prospectus"), and should be read in conjunction with the Prospectus. Unless otherwise defined in this Pricing Supplement, terms used herein have the same meanings as are given to them in the Prospectus. Trade Date: December 15, 2005 Issue Date: December 20, 2005
--------------- -------------- ----------- ------------ ------------ ------------- ------------------- --------------- Aggregate Gross Named Dealers' Principal Price to Agents' Agents' Selling Net Proceeds to Interest Rate CUSIP Number Amount Public Concession Concession Concession Issuer per Annum --------------- -------------- ----------- ------------ ------------ ------------- ------------------- --------------- 52519FEF4 $7,130,000 100.00% 2.70% 2.50% 2.00% $6,937,490 5.95%
P-1
-------------- ---------------------- ------------ -------------- ------------ --------------------------------------- First Interest Survivor's Interest Payment Payment Option Right of Issuer to Redeem Notes or of CUSIP Number Dates Date Maturity Date (Yes/No) Holder to Require Repayment of Notes -------------- ---------------------- ------------ -------------- ------------ --------------------------------------- 52519FEF4 Monthly on the 20th January December 20, Yes The Note may be redeemed prior to the and on the Maturity 20, 2006 2030 Maturity Date at the option of Lehman Date Brothers Holdings, in whole or in part, at a price equal to 100% of the principal amount being redeemed, monthly on the 20th, commencing December 20, 2010. Notice of redemption will be given not more than 60 nor less than 30 days prior to the redemption date. The holder of the Note may not elect repayment of the Note by Lehman Brothers Holdings prior to the Maturity Date except pursuant to the Survivor's Option.
Other Terms: On the Issue Date specified above, Lehman Brothers Holdings may (but is not required to) issue additional Notes similar in all respects (including with respect to the Price to Public and the Concessions specified above). Lehman Brothers Holdings may also issue additional Notes following the Issue Date at a new Price to Public and subject to new Concessions. All such additional Notes would form a single tranche with, have the same CUSIP number as and trade interchangeably with the Notes immediately upon settlement. P-2