PRICING SUPPLEMENT NO. 40 Rule 424(b)(3)
DATED: January 8, 1999 File No. 333-61437
(To Prospectus dated August 26, 1998
and Prospectus Supplement dated August 26, 1998)
$7,315,045,162
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
$75,000,000 [x] [x]
Original Issue Date: Fixed Rate Notes Certificated Notes
January 13, 1999 [_] [_]
Maturity Date: CUSIP#: 073928 GM 9
January 16, 2001
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: ***
Index Maturity: One Month
Spread (plus or minus): +0.40%
- --------------------------------------------
NYFS04...:\25\22625\0122\2041\SUP1129K.190
<PAGE>
* 2/16/99, 3/16/99, 4/16/99, 5/17/99, 6/16/99, 7/16/99, 8/16/99, 9/16/99,
10/18/99, 11/16/99, 12/16/99, 1/17/00, 2/16/00, 3/16/00, 3/16/00, 4/17/00,
5/16/00, 6/16/00, 7/17/00, 8/16/00, 9/18/00, 10/16/00, 11/16/00 and
12/18/00.
** 2/16/99, 3/16/99, 4/16/99, 5/17/99, 6/16/99, 7/16/99, 8/16/99, 9/16/99,
10/18/99, 11/16/99, 12/16/99, 1/17/00, 2/16/00, 3/16/00, 3/16/00, 4/17/00,
5/16/00, 6/16/00, 7/17/00, 8/16/00, 9/18/00, 10/16/00, 11/16/00, 12/18/00
and 1/16/01.
*** The one-month LIBOR rate on January 11, 1999 plus 40 basis points.
The distribution of Notes will conform to the requirements set forth in Rule
2720 of the NASD Conduct Rules.
2
