PRICING SUPPLEMENT NO. 49 Rule 424 (b)(3)
DATED: October 9, 1997 File No. 333-31277
(To Prospectus dated August 13, 1997
and Prospectus Supplement dated August 13, 1997)
$5,180,520,162
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
$10,000,000 [x] [x]
Original Issue Date: Fixed Rate Notes Certificated Notes
10/15/97 [_] [_]
Maturity Date: 10/16/2000
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: Quarterly
[_] LIBOR Reuters Interest Payment Date(s): **
[_] LIBOR Telerate
[_] Prime Rate
[x] CMT Rate
Initial Interest Rate: *** Interest Payment Period: Quarterly
Index Maturity: Two Years
Spread (plus or minus): +.15%
- ----------------------------------
* Quarterly on the 15th, commencing January 15, 1998.
** Quarterly on the 15th, commencing January 15, 1998.
*** The CMT Rate on October 13, 1997, plus 15 basis points.
The distribution of Notes will conform to the requirements set forth in
Rule 2720 of the NASD Conduct Rules.
NYFS04...:\25\22625\0122\1324\NTS0067P.53A
