PRICING SUPPLEMENT NO. 81 Rule 424(b)(3)
DATED: January 5, 2001 File No. 333-31980
(To Prospectus dated August 8, 2000,
and Prospectus Supplement dated August 11, 2000)
$3,035,893,162
THE BEAR STEARNS COMPANIES INC.
MEDIUM-TERM NOTES, SERIES B
Principal Amount: $100,000,000 Floating Rate Notes [x] Book Entry Notes [x]
Original Issue Date: 01/08/2001 Fixed Rate Notes [ ] Certificated Notes [ ]
Maturity Date: 01/08/2002 CUSIP#: 073928SF1
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): +0.18%
* On the 8th of April, July, October and at Maturity.
** Federal Funds Open Rate on January 8, 2001 plus 18 basis points.
The distribution of Notes will conform to the requirements set forth in Rule
2720 of the NASD Conduct Rules.
