PRICING SUPPLEMENT NO. 92 Rule 424(b)(3)
DATED: July 2, 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: $35,000,000 Floating Rate Notes [_] Book Entry Notes [x]
Original Issue Date: 7/10/97 Fixed Rate Notes [x] Certificated Notes [_]
Maturity Date: 7/10/2017
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: 0.00%
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):
- -------------------------------------
<PAGE>
* Commencing July 8, 1998 and on semi-annual dates thereafter, the Notes may
be called, in whole but not in part, at varying prices (see Schedule A
below) at the option of the Company on ten days' calendar notice.
** At maturity or call.
The distribution of Notes will conform to the requirements set forth in Rule
2720 of the NASD Conduct Rules.
SCHEDULE A
----------
Year 0: 19.288% Year 10.5: 45.763%
Year 1: 20.942% Year 11: 47.685%
Year 1.5 21.822% Year 11.5: 49.688%
Year 2: 22.739% Year 12: 51.775%
Year 2.5: 23.694% Year 12.5: 53.949%
Year 3: 24.689% Year 13: 56.215%
Year 3.5 25.726% Year 13.5: 58.576%
Year 4: 26.806% Year 14: 61.036%
Year 4.5: 27.932% Year 14.5: 63.600%
Year 5: 29.105% Year 15: 66.271%
Year 5.5: 30.327% Year 15.5 69.054%
Year 6: 31.601% Year 16: 71.955%
Year 6.5: 32.928% Year 16.5: 74.977%
Year 7: 34.311% Year 17: 78.126%
Year 7.5: 35.753% Year 17.5: 81.407%
Year 8: 37.254% Year 18: 84.826%
Year 8.5: 38.819% Year 18.5: 88.389%
Year 9: 40.449% Year 19: 92.101%
Year 9.5: 42.148% Year 19.5: 95.969%
Year 10: 43.918% Year 20: 100.00%
