PRICING SUPPLEMENT NO. 27 Rule 424(b)(3)
DATED: March 21, 2001 File No. 333-52902
(To Prospectus dated January 11, 2001,
and Prospectus Supplement dated January 11, 2001)
$9,015,893,162
THE BEAR STEARNS COMPANIES INC.
MEDIUM-TERM NOTES, SERIES B
Principal Amount: Floating Rate Notes [ ] Book Entry Notes [x]
$25,000,000
Original Issue Date: Fixed Rate Notes [x] Certificated Notes [ ]
4/11/2001
Maturity Date: 4/11/2016 CUSIP#: 073928TJ2
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
Applicable Only to Fixed Rate Notes:
-----------------------------------
Interest Rate: 7.00%
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:
[ ] LIBOR Reuters Interest Payment Date(s):
[ ] LIBOR Telerate
[ ] Prime Rate
[ ] CMT Rate
Initial Interest Rate: Interest Payment Period:
Index Maturity:
Spread (plus or minus):
*Commencing April 11, 2004 and on the interest payment dates thereafter until
Maturity, the Notes may be called in whole at par at the option of the Company
on eight calendar days notice.
**Commencing October 11, 2001 and on the 11th of each April and October
thereafter until Maturity or until the Notes are called.
The distribution of Notes will conform to the requirements set forth in Rule
2720 of the NASD Conduct Rules.