PRICING SUPPLEMENT NO. 71 Rule 424(b)(3)
DATED: April 23, 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: Floating Rate Notes Book Entry Notes
$25,000,000 [x] [x]
Original Issue Date: Fixed Rate Notes Certificated Notes
April 29, 1998 [_] [_]
Maturity Date: CUSIP#: 073928 BF 9
April 29, 2005
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: Three Months
[_] LIBOR Reuters Interest Payment Date(s): **
[x] LIBOR Telerate *** Redeemable On and After N/A
[_] Prime Rate Interest Payment Period: Quarterly
[_] CMT Rate Minimum Coupon: 0.0%
Coupon Day Count: 30/360
Initial Interest Rate: ****
Index Maturity: Three Months
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- ---------------------
* Quarterly on the 29th of each July, October, January and
April commencing July 29, 1998.
** Quarterly on the 29th of each July, October, January and
April commencing July 29, 1998.
*** Subject to the Accural Provision.
**** The three-month LIBOR rate plus 1.12%, subject to the Accrual Provision,
under which the coupon will accrue, as set forth below, for each day that the
three-month LIBOR rate is greater than 3.00% and less than 8.00% on each
Determination Date. For days that the three-month LIBOR rate is less than or
equal to 3.00% or greater than or equal to 8.00% on each Determination Date, the
Minimum Coupon accrues. The three-month LIBOR rate will be determined daily,
subject to the Following Business Day convention with no adjustment for period
end dates.
The distribution of Notes will conform to the requirements set forth in Rule
2720 of the NASD Conduct Rules.
2
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