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PRICING SUPPLEMENT NO. 1 Rule 424(b)(3)
DATED: December 20, 1995 File No. 33-63561
(To Prospectus dated December 18, 1995
and Prospectus Supplement dated December 18, 1995)
$3,650,742,350
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
$93,000,000 [x] [x]
Original Issue Date: Fixed Rate Notes Certificated Notes
12/26/95 [_] [_]
Maturity Date: 01/17/97
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: Quarterly
[x] LIBOR Interest Payment Date(s): **
[_] Prime Rate Interest Payment Period: Quarterly
[_] CMT Rate
Initial Interest Rate: 5.67969%
Index Maturity: Three Months
Spread (plus or minus): N/A
- -------------------------
* 04/17/96, 07/17/96 and 10/17/96.
** 04/17/96, 07/17/96, 10/17/96 and 01/17/97.
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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