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PRICING SUPPLEMENT NO. 109 (REVISED) Rule 424(b)(3)
DATED: November 27, 1996 File No. 333-03685
(To Prospectus dated May 23, 1996
and Prospectus Supplement dated May 23, 1996)
$4,954,795,162
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: Fixed Rate Notes Certificated Notes
12/03/96 [_] [_]
Maturity Date: 12/04/06
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
Applicable Only to Fixed Rate Notes:
- -----------------------------------
Interest Rate:
Applicable Only to Floating Rate Notes:
- --------------------------------------
Interest Rate Basis: Maximum Interest Rate: **
[_] Commercial Paper Rate Minimum Interest Rate: 3.0%
[_] Federal Funds Rate Interest Reset Date(s): ***
[_] Treasury Rate Interest Reset Period: Quarterly
[_] LIBOR Reuters Interest Payment Date(s): ****
[x] LIBOR Telerate **
[_] Prime Rate Interest Payment Period: Quarterly
[_] CMT Rate
Initial Interest Rate: 10.05%
Index Maturity: Three months
Spread (plus or minus): +0.00%
- -------------------------
* Commencing December 3, 1997 and on each Interest Payment Date
thereafter, the Notes may be called at 100% of the principal amount,
in whole but not in part, at the option of the Company on at least
five business days' notice.
** Interest will accrue for each day during each Interest Payment Period
at the rate of 21.05% less two times the three month LIBOR on the
second business day prior to each Interest Reset Date; provided,
--------
however, that in no event shall the interest rate be less than 3%.
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*** On the 3rd of each December, March, June and September.
**** On the 3rd of each December, March, June and September.
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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