PRICING SUPPLEMENT NO. 118 Rule 424(b)(3)
DATED: June 15, 1998 File No. 333-43565
(To Prospectus dated January 21, 1998
and Prospectus Supplement dated January 21, 1998)
$7,096,595,162
THE BEAR STEARNS COMPANIES INC.
MEDIUM-TERM NOTES, SERIES B
WITH MINIMUM MATURITY OF NINE MONTHS FROM DATE OF ISSUE
Principal Amount: $6,000,000 Floating Rate Notes [x] Book Entry Notes [x]
Original Issue Date: 06/18/98 Fixed Rate Notes [_] Certificated Notes [_]
Maturity Date: 06/18/2001 CUSIP#: 073928 DE 0
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:
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: 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): +0.38%
- ---------------------------------------
* Quarterly on the 18th, commencing September 18, 1998
** Quarterly on the 18th, commencing September 18, 1998
*** The CMT rate on June 16, 1998, plus 38 basis points
The distribution of Notes will conform to the requirements set forth in Rule
2720 of the NASD Conduct Rules.
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