PRICING SUPPLEMENT NO. 93 Rule 424(b)(3)
DATED: July 7, 1997 File No. 333-17985
(To Prospectus dated January 22, 1997
and Prospectus Supplement dated January 22, 1997)
$5,434,620,162
THE BEAR STEARNS COMPANIES INC.
MEDIUM-TERM NOTES, SERIES B
WITH MINIMUM MATURITY OF NINE MONTHS FROM DATE OF ISSUE
Principal Amount: $10,000,000 Floating Rate Notes [_] Book Entry Notes [x]
Original Issue Date: 8/7/97 Fixed Rate Notes [x] Certificated Notes [_]
Maturity Date: 8/7/2017
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: 7.50%
Interest Payment Dates: **
Applicable Only to Floating Rate Notes:
Interest Rate Basis: Maximum Interest Rate:
[_] Commercial Paper Rate Minimum Interest Rate:
[_] Federal Funds Rate Interest Reset Date(s):
[_] Treasury Rate Interest Reset Period:
[_] LIBOR Reuters Interest Payment Date(s):
[_] LIBOR Telerate
[_] Prime Rate
[_] CMT Rate
Initial Interest Rate: Interest Payment Period:
Index Maturity:
Spread (plus or minus):
- ---------------------------------
* Commencing August 7, 1998 and on monthly dates 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 eight days' calendar notice.
** Monthly on the 7th, commencing September 7, 1997.
The distribution of Notes will conform to the requirements set forth in Rule
2720 of the NASD Conduct Rules.
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