PRICING SUPPLEMENT NO. 24 Rule 424(b)(3)
DATED: March 7, 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: $15,000,000 Floating Rate Notes [x] Book Entry Notes [x]
Original Issue Date: 3/12/2001 Fixed Rate Notes [ ] Certificated Notes [ ]
Maturity Date: 3/12/2002 CUSIP#: 073928TFO
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: Semi-annually
[ ] LIBOR Reuters Interest Payment Date(s): **
[x] LIBOR Telerate
[ ] Prime Rate
[ ] CMT Rate
Initial Interest Rate: 4.93% Interest Payment Period: Semi-annually
Index Maturity: Six Months
Spread (plus or minus): N/A
* On September 12, 2001 and at Maturity.
** On September 12, 2001 and at Maturity.
The distribution of Notes will conform to the requirements set forth in Rule
2720 of the NASD Conduct Rules.