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PRICING SUPPLEMENT NO. 62 Rule 424(b)(3)
DATED: September 10, 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
09/13/96 [_] [_]
Maturity Date: 09/15/2000
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 Reuters Interest Payment Date(s): **
[x] LIBOR Telerate
[_] Prime Rate Interest Payment Period: Monthly
[_] CMT Rate
Initial Interest Rate: ***
Index Maturity: One month
Spread (plus or minus): +0.25%
- -------------------------
* On the 15th of each month commencing 10/15/96 and through and
including 08/15/2000.
** On the 15th of each month commencing 10/15/96 and through and
including 09/15/2000.
*** The one month LIBOR rate as of September 11, 1996 plus 25 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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