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PRICING SUPPLEMENT NO. 42 Rule 424(b)(3)
DATED: February 28, 1995 File No. 33-55673
(To Prospectus dated October 7, 1994
and Prospectus Supplement dated October 7, 1994)
$3,891,376,750
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
$5,000,000 [x] [x]
Original Issue Date: 3/3/95 Fixed Rate Notes Certificated Notes
[_] [_]
Maturity Date: 3/4/96
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): *
[_] Treasury Rate Interest Reset Period: Monthly
[x] LIBOR Interest Payment Date(s): **
[_] Prime Rate Interest Payment Period: Monthly
[_] CMT Rate
Initial Interest Rate: ***
Index Maturity: One Month
Spread (plus or minus): +.10%
- -------------------------
* 4/3/95, 5/1/95, 6/1/95, 7/3/95, 8/1/95, 9/1/95, 10/2/95, 11/1/95,
12/1/95, 1/2/96 and 2/1/96.
** 4/3/95, 5/1/95, 6/1/95, 7/3/95, 8/1/95, 9/1/95, 10/2/95, 11/1/95,
12/1/95, 1/2/96, 2/1/96 and 3/4/96.
*** One month LIBOR rate as of March 1, 1995 plus 10 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.
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