-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DlfK23kFuZ90LLegFRFRkQn3HN955lIFziX7bUYXBLg0znQPj7krdw35So+vEdEt EHI4xDJvhBvgUvGs4mf6Ng== 0001104659-07-000646.txt : 20070104 0001104659-07-000646.hdr.sgml : 20070104 20070104160856 ACCESSION NUMBER: 0001104659-07-000646 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070104 DATE AS OF CHANGE: 20070104 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LEHMAN BROTHERS HOLDINGS INC CENTRAL INDEX KEY: 0000806085 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] IRS NUMBER: 133216325 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-134553 FILM NUMBER: 07509506 BUSINESS ADDRESS: STREET 1: LEHMAN BROTHERS STREET 2: 745 SEVENTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2125267000 MAIL ADDRESS: STREET 1: LEHMAN BROTHERS STREET 2: 745 SEVENTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: SHEARSON LEHMAN HUTTON HOLDINGS INC DATE OF NAME CHANGE: 19901017 424B3 1 a07-1018_10424b3.htm PROSPECTUS FILED PURSUANT TO RULE 424(B)(3)

Filed Pursuant to Rule 424(b)(3)

Registration No. 333-134553

PRICING SUPPLEMENT NO. 80 dated January 4, 2007

to Prospectus Supplement dated May 30, 2006

and Prospectus dated May 30, 2006

LEHMAN BROTHERS HOLDINGS INC.

Medium-Term Notes, Series I

This Pricing Supplement supplements the terms and conditions in, and incorporates by reference, the Prospectus, dated May 30, 2006, as supplemented by the Prospectus Supplement, dated May 30, 2006 (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.

CUSIP No.:

 

52517PR52

 

 

 

ISIN:

 

US52517PR523

 

 

 

Specified Currency:

 

Principal:

U.S. Dollars

 

 

Interest:

U.S. Dollars

 

 

 

Principal Amount:

 

$12,000,000

 

 

 

 

 

Total

 

Per Note

 

Issue Price:

 

$

12,000,000

 

100.00

%

Agent’s Commission:

 

$

0

 

0

%

Proceeds to Lehman Brothers Holdings:

 

$

12,000,000

 

100.00

%

 

On the Issue Date, we may, without the consent of the holders of the Notes, issue additional notes similar to these Notes in all respects except for the Issue Price. Following the Issue Date, we may, without the consent of the holders of Notes, create and issue additional notes similar to these Notes except for the Issue Date, Issue Price and the payment of interest accruing prior to the Issue Date of such additional notes. All such additional notes will be consolidated and form a single tranche with, have the same CUSIP and ISIN numbers as and trade interchangeably with these Notes.

Agent:

 

Lehman Brothers

 

 

 

Agent’s Capacity:

 

x  As principal

o  As agent

 

 

 

 

x           The Notes are being offered at a fixed initial public offering price equal to the Issue Price.

 

o            The Notes are being offered at varying prices relating to prevailing market prices at the time of sale.

 



 

Trade Date:

 

January 4, 2007

 

 

 

Issue Date:

 

January 5, 2007

 

 

 

Stated Maturity Date:

 

August 31, 2010

 

 

 

Date From Which Interest Accrues:

 

x

Issue Date

 

 

 

o

Other:

 

 

o Fixed Rate Note

 

 

 

 

 

     Interest Rate per Annum:

 

                         %

 

 

 

 

x Floating Rate Note

 

o

CD Rate

 

 

o

Commercial Paper Rate

 

 

o

Federal Funds (Effective) Rate

 

 

o

Federal Funds (Open) Rate

 

 

x

LIBOR Telerate

 

 

o

LIBOR Reuters

 

 

o

EURIBOR

 

 

o

Treasury Rate:

Constant Maturity o Yes    o No

 

 

o

Prime Rate

 

 

o

Eleventh District Cost of Funds Rate

 

 

o

CMS Rate

 

 

o

Other:

 

 

 

 

 

 

 

 

Index Maturity:

 

3 months (LIBOR shall be interpolated for the first and

 

 

 

 

 

 last interest payments to account for the respective

 

 

 

 

 

 shorter first and last interest periods)

 

 

 

 

 

 

 

 

 

Spread:

 

Not applicable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Spread Multiplier:

 

Not applicable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Maximum Rate:

 

Not applicable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Minimum Rate:

 

Not applicable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Payment Dates:

 

Each March 20, June 20, September 20 and December 20, commencing on March 20, 2007

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Determination Dates:

 

Two London business days prior to each Interest Reset Date

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Reset Dates:

 

Each Interest Payment Date

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business Day Convention:

 

Modified following

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2



 

Adjusted:

 

x   Yes

o   No

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Calculation Agent:

 

Citibank, N.A.

 

 

 

 

 

 

 

 

 

 

 

 

 

Optional Redemption:

 

Not applicable

 

 

 

 

 

 

 

 

 

 

 

 

 

Authorized Denominations:

 

$1,000 and whole multiples of $1,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Form of Note:

 

x

Book-entry only (global)

o

Certificated

 

 

 

 

 

 

 

 

 

 

 

 

CERTAIN UNITED STATES FEDERAL INCOME TAX CONSEQUENCES

We intend to treat the notes as variable rate debt instruments, as described under “Supplemental United States Federal Income Tax Consequences—Variable Rate Debt Instruments” in the Prospectus.

SUPPLEMENTAL INFORMATION CONCERNING THE PLAN OF DISTRIBUTION

Lehman Brothers Holdings has agreed to sell to Lehman Brothers Inc. (the “Agent”), and the Agent has agreed to purchase from Lehman Brothers Holdings Inc. the principal amount of the Notes at the price specified on the cover of this pricing supplement.  The Agent is committed to take and pay for all of the Notes, if any are taken.

The Agent proposes to offer the Notes initially at a public offering price equal to the Issue Price set forth above and to certain dealers at such price.  After the initial public offering, the public offering price and other selling terms may from time to time be varied by the Agent.

If the Notes are sold in a market-making transaction after their initial sale, information about the purchase price and the date of the sale will be provided in a separate confirmation of sale.

 

3


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