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PRICING SUPPLEMENT NO. 45 Rule 424(b)(3)
DATED: September 15, 1994 File No. 33-52701
(To Prospectus dated April 8, 1994
and Prospectus Supplement dated April 8, 1994)
$2,873,608,750
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
$100,000,000 [x] [x]
Original Issue Date: Fixed Rate Notes Certificated Notes
9/22/94 [_] [_]
Maturity Date: 9/22/95
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
[x] Federal Funds Rate Interest Reset Date(s): *
[_] Treasury Rate Interest Reset Period: Daily
[_] LIBOR Interest Payment Date(s): **
[_] Prime Rate
[_] CMT Rate
Initial Interest Rate: *** Interest Payment Period: Quarterly
Index Maturity: N/A
Spread (plus or minus): +.23%
- -------------------------
* Daily on each Business Day.
** 12/22/94, 3/22/95, 6/22/95 and 9/22/95.
*** The Federal Funds Rate as of September 20, 1994 plus 23 basis points.
The Interest Determination Date with respect to this Note shall be the
second Business Day prior to each Interest Reset Date.
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.
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