PRICING SUPPLEMENT NO. 3 Rule 424(b)(3)
DATED: August 31, 1999 File No. 333-83049
(To Prospectus dated August 9, 1999
and Prospectus Supplement dated August 9, 1999)
$7,878,183,000
THE BEAR STEARNS COMPANIES INC.
MEDIUM-TERM NOTES, SERIES B
Principal Amount: $125,000,000 Floating Rate Notes [x] Book Entry Notes [ ]
Original Issue Date: 9/2/99 Fixed Rate Notes [ ] Certificated Notes [ ]
Maturity Date:9/1/2000 CUSIP#: 073928KT9
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: N/A
[ ] Commercial Paper Rate Minimum Interest Rate: N/A
[ ] Federal Funds Rate Interest Reset Date(s): *
[ ] Treasury Rate Interest Reset Period: *
[ ] LIBOR Reuters Interest Payment Date(s): **
[ ] LIBOR Telerate
[x] Prime Rate
[ ] CMT Rate
Initial Interest Rate: *** Interest Payment Period: Quarterly
Index Maturity: Three Months
Spread (plus or minus): -2.62%
* Daily on each business day
** 12/2/99, 3/2/2000, 6/2/2000 and 9/1/2000
*** The PRIME rate on September 1, 1999 minus 262 basis points
The distribution of Notes will conform to the requirements set forth in Rule
2720 of the NASD Conduct Rules.
