PRICING SUPPLEMENT NO. 54 Rule 424(b)(3)
DATED: July 25, 2000 File No. 333-31980
(To Prospectus dated March 17, 2000,
and Prospectus Supplement dated March 17, 2000)
$9,027,683,162
THE BEAR STEARNS COMPANIES INC.
Medium-Term Notes, Series B
Principal Amount: $20,000,000 Floating Rate Notes [x] Book Entry Notes [x]
Original Issue Date: Fixed Rate Notes [ ] Certificated Notes [ ]
7/26/2000
Maturity Date: 7/26/2001 CUSIP#: 073928RC9
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): *
[x] Treasury Rate Interest Reset Period: Weekly
[ ] LIBOR Reuters Interest Payment Date(s): **
[ ] LIBOR Telerate
[ ] Prime Rate
[ ] CMT Rate
Initial Interest Rate: *** Interest Payment Period: Quarterly
Index Maturity: Three Months
Spread (plus or minus): +0.71%
* Weekly on each Tuesday, or the Business Day following the Treasury bill
auction.
** 10/26/00, 1/26/01, 4/26/01 and 7/26/01.
*** The three-month Treasury Rate on July 24, 2000 plus 71 basis points.
The distribution of Notes will conform to the requirements set forth in Rule
2720 of the NASD Conduct Rules.
