PRICING SUPPLEMENT NO. 49 Rule 424(b)(3)
DATED: January 13, 2003 File No. 333-76894
(To Prospectus dated January 25, 2002,
and Prospectus Supplement dated January 25, 2002)
$10,006,693,162
THE BEAR STEARNS COMPANIES INC.
Medium-Term Notes, Series B
Principal Amount: Floating Rate Notes [x] Book Entry Notes [x]
$175,000,000
Original Issue Date: Fixed Rate Notes [ ] Certificated Notes [ ]
1/16/2003
Maturity Date: 2/13/2004 CUSIP#: 073928YG2
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 Effective Rate
[ ] Federal Funds Open Rate Interest Reset Date(s): Daily
[ ] Treasury Rate Interest Reset Period: Daily
[ ] LIBOR Reuters Interest Payment Date(s): *
[ ] LIBOR Telerate
[x] Prime Rate +
[ ] CMT Rate
Initial Interest Rate: TBA% Interest Payment Period: Quarterly
Index Maturity: N/A
Spread (plus or minus): -2.86%
+ Prime Rate as reported on Telerate Page 5 under the heading "Bank
Rates/Prime."
* On the 13th of February, May, August, November and at Maturity.
The distribution of Notes will conform to the requirements set forth in Rule
2720 of the NASD Conduct Rules.