PRICING SUPPLEMENT NO. 40 Rule 424(b)(3)
DATED: January 12, 2000 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: $50,000,000 Floating Rate Notes [x] Book Entry Notes [x]
Original Issue Date: 1/25/2000 Fixed Rate Notes [ ] Certificated Notes [ ]
Maturity Date: 1/25/2001 CUSIP#: 073928MG5
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: Monthly
[ ] LIBOR Reuters Interest Payment Date(s): **
[x] LIBOR Telerate
[ ] Prime Rate
[ ] CMT Rate
Initial Interest Rate: *** Interest Payment Period: Monthly
Index Maturity: One Month
Spread (plus or minus): +0.05%
* On 2/25/2000, 3/27/2000, 4/25/2000, 5/25/2000, 6/26/2000, 7/25/2000,
8/25/2000, 9/25/2000, 10/25/2000, 11/27/2000 and 12/26/2000.
** On 2/25/2000, 3/27/2000, 4/25/2000, 5/25/2000, 6/26/2000, 7/25/2000,
8/25/2000, 9/25/2000, 10/25/2000, 11/27/2000, 12/26/2000 and 1/25/2001.
*** One month LIBOR rate on January 22, 2000 plus 5 basis points.
The distribution of Notes will conform to the requirements set forth in Rule
2720 of the NASD Conduct Rules.
