PRICING SUPPLEMENT NO. 59 Rule 424 (b)(3)
DATED: February 24, 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: $25,000,000 Floating Rate Notes [x] Book Entry Notes [x]
Original Issue Date: Fixed Rate Notes [_] Certificated Notes [_]
February 26, 1999
Maturity Date: CUSIP#: 073928 HG 1
February 28, 2000
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
[_] Prime Rate Interest Payment Period: Quarterly
[_] CMT Rate
Initial Interest Rate: 5.00375%
Index Maturity: Three Months
Spread (plus or minus): +0.0%
- --------------------------------------
* 5/26/99, 8/26/99 and 11/26/99.
** 5/26/99, 8/26/99, 11/26/99 and 2/28/00.
The distribution of Notes will conform to the requirements set forth in Rule
2720 of the NASD Conduct Rules.
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