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PRICING SUPPLEMENT NO. 4 Rule 424(b)(3)
DATED: January 28, 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: Floating Rate Notes Book Entry Notes
$20,000,000 [x] [x]
Original Issue Date: Fixed Rate Notes Certificated Notes
2/03/97 [_] [_]
Maturity Date: 2/03/99
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:
[_] Commercial Paper Rate Minimum Interest Rate:
[_] Federal Funds Rate Interest Reset Date(s): *
[_] Treasury Rate Interest Reset Period: Quarterly
[_] LIBOR Reuters Interest Payment Date(s): **
[x] LIBOR Telerate
[_] Prime Rate
[_] CMT Rate
Initial Interest Rate: *** Interest Payment Period: Quarterly
Index Maturity: Three Months
Spread (plus or minus): +0.05%
- -------------------------
* 5/05/97, 8/04/97, 11/03/97, 2/03/98, 5/04/98, 8/03/98 and 11/03/98.
** 5/05/97, 8/04/97, 11/03/97, 2/03/98, 5/04/98, 8/03/98, 11/03/98 and
2/03/99.
*** Three month LIBOR as of January 30, 1997, plus 5 basis points.
The distribution of Notes will conform to the requirements set forth in
Rule 2720 of the NASD Conduct Rules
