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PRICING SUPPLEMENT NO. 34 Rule 424(b)(3)
DATED: August 23, 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
$70,000,000 [x] [x]
Original Issue Date: Fixed Rate Notes Certificated Notes
8/25/94 [_] [_]
Maturity Date: 8/23/95
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
[_] Federal Funds Rate Interest Reset Date(s): **
[_] Treasury Rate Interest Reset Period: Monthly
[*] LIBOR Interest Payment Date(s): ***
[_] Prime Rate Interest Payment Period: Monthly
Initial Interest Rate: 4.9125%
Index Maturity: One Month
Spread (plus or minus): +.10%
- -------------------------
* For purposes of this Note, LIBOR will be determined by the Calculation
Agent in accordance with the following provisions:
(i) With respect to an Interest Determination Date, LIBOR will be
determined on the basis of the offered rate for deposits in U.S. dollars
having the Index Maturity specified above, commencing on the second London
Banking Day immediately following such Interest Determination Date, which
appears on Telerate page 3750 (or such other page as may replace such
Telerate page 3750 for the purpose of displaying London interbank rates of
major banks), as of 11:00 A.M., London time, on such Interest Determination
Date. If no such rate appears on Telerate page 3750 (or such other page),
LIBOR for such Interest Determination Date will be determined as if the
parties had specified the rate described in (ii) below.
