PRICING SUPPLEMENT NO. 1 Rule 424(b)(3)
DATED: March 20, 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: Floating Rate Notes [x] Book Entry Notes [x]
$10,000,000
Original Issue Date: Fixed Rate Notes [ ] Certificated Notes [ ]
3/23/2000
Maturity Date: CUSIP#: 073928NX7
3/22/2002
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
[x] Federal Funds Rate Interest Reset Date(s): Daily
[ ] Treasury Rate Interest Reset Period: Daily
[ ] LIBOR Reuters Interest Payment Date(s):*
[ ] LIBOR Telerate
[ ] Prime Rate
[ ] CMT Rate
Initial Interest Rate:** Interest Payment Period: Quarterly
Index Maturity: N/A
Spread (plus or minus): +0.36%
* 6/23/00, 9/23/00, 12/23/00, 3/23/01, 6/23/01, 9/23/01, 12/23/01 and
3/22/02.
** Federal Funds Effective Rate on March 22, 2000 plus 36 basis points.
The distribution of Notes will conform to the requirements set forth in Rule
2720 of the NASD Conduct Rules.
