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PRICING SUPPLEMENT NO. 12 Rule 424(b)(3)
DATED: February 17, 1994 File No. 33-51733
(To Prospectus dated January 7, 1994
and Prospectus Supplement dated January 7, 1994)
$1,500,945,000
THE BEAR STEARNS COMPANIES INC.
MEDIUM-TERM NOTES, SERIES B
WITH MINIMUM MATURITY OF NINE MONTHS FROM DATE OF ISSUE
Principal Amount: Floating Rate Notes Book Entry Notes
$10,000,000 [x] [x]
Original Issue Date: Fixed Rate Notes Certificated Notes
2/22/94 [_] [_]
Maturity Date: 2/22/96
Option to Extend Maturity: No [x]
Yes [_] Final Maturity Date:
Optional Optional
Redemption Repayment Repayment
Redeemable On Price(s) Date(s) Price(s)
------------- -------- ------- --------
N/A N/A N/A N/A
Applicable Only to Fixed Rate Notes:
- -----------------------------------
Interest Rate:
Applicable Only to Floating Rate Notes:
- --------------------------------------
Interest Rate Basis: Maximum Interest Rate: N/A
[_] Commercial Paper Rate Minimum Interest Rate: N/A
[_] Federal Funds Rate Interest Reset Date(s): *
[x] Treasury Rate Interest Reset Period: Weekly
[_] LIBOR Interest Payment Date(s): **
[_] Prime Rate
Initial Interest Rate: *** Interest Payment Period: Quarterly
Index Maturity: Three Months
Spread (plus or minus): +.28%
- -------------------------
* On Tuesday of each week.
** 5/23/94, 8/22/94, 11/22/94, 2/22/95, 5/22/95, 8/22/95, 11/22/95 and
2/22/96.
*** Three month Treasury Rate as of February 22, 1994 plus 28 basis
points.
The distribution of Notes will conform to the requirements set forth in the
applicable sections of Schedule E to the By-laws of the National
Association of Securities Dealers, Inc.
