PRICING SUPPLEMENT NO. 106 Rule 424(b)(3)
DATED: January 12, 1998 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
$150,000,000 [x] [x]
Original Issue Date: Fixed Rate Notes Certificated Notes
January 13, 1998 [_] [_]
Maturity Date:
January 13, 1999
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: 5.56594%
Index Maturity: N/A
Spread (plus or minus): -0.02%
<PAGE>
* 2/13/98, 3/13/98, 4/13/98, 5/13/98, 6/15/98, 7/13/98,
8/13/98, 9/14/98, 10/13/98, 11/13/98 and 12/14/98.
** 2/13/98, 3/13/98, 4/13/98, 5/13/98, 6/15/98, 7/13/98, 8/13/98, 9/14/98,
10/13/98, 11/13/98, 12/14/98 and 1/13/99.
The distribution of Notes will conform to the requirements set forth in Rule
2720 of the NASD Conduct Rules.
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