424B3 1 a06-8300_6424b3.htm PROSPECTUS FILED PURSUANT TO RULE 424(B)(3)

 

Filed Pursuant to Rule 424(b)(3)
Registration No. 333-121067

 

Pricing Supplement No. 15 dated April 7, 2006
(to Prospectus Supplement dated May 18, 2005
and Prospectus dated May 18, 2005)

 

$18,326,000

 

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:

 

April 7, 2006

Issue Date:

 

April 11, 2006

 

CUSIP
Number

 

Aggregate
Principal
Amount

 

Price to
Public

 

Gross
Agents’
Concession

 

Named
Agents’
Concession

 

Dealers’
Selling
Concession

 

Net Proceeds to
Issuer

 

Interest Rate per
Annum

 

52519FEL1

 

$

18,326,000

 

100.00

%

2.70

%

2.50

%

2.00

%

$

17,831,198

 

6.15

%

 

P-1


 

CUSIP
Number

 

Interest Payment Dates

 

First Interest
Payment
Date

 

Maturity Date

 

Survivor’s
Option
(Yes/No)

 

Right of Issuer to Redeem Notes or of Holder to
Require Repayment of Notes

 

52519FEL1

 

Monthly on the 11th and on the Maturity Date

 

May 11, 2006

 

April 11, 2031

 

Yes

 

The Note may be redeemed prior to the Maturity Date at the option of Lehman Brothers Holdings, in whole or in part, at a price equal to 100% of the principal amount being redeemed, monthly on the 11th, commencing April 11, 2011. 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