THE BEAR STEARNS COMPANIES INC. IncomeNotes(SM) With Maturities of Nine Months or More from Date of Issue Registration No. 333-121744 Filed Pursuant to Rule 424(b)(3) Pricing Supplement No. 11 (To Prospectus dated February 2, 2005, and Prospectus Supplement dated February 2, 2005) Trade Date: April 18, 2005 Issue Date: April 21, 2005 The date of this Pricing Supplement is April 18, 2005 ------------------------------------------------------------------------------------------------------------------------- Interest CUSIP# Maturity Price to Discounts & Payment Interest Rate Date Public Commissions Reallowance Dealer Frequency ------------------------------------------------------------------------------------------------------------------------- 07387EHK6 4.75% from and including 4/15/2025 100.00% 2.20% 0.350% 98.25% Quarterly 4/21/05, to but excluding 4/15/09. 6.375% from and including 4/15/09, to but excluding 4/15/25. ------------------------------------------------------------------------------------------------------------------------- 07387EHL4 5.650% 4/15/2030 100.00% 2.50% 0.350% 98.00% Semi ------------------------------------------------------------------------------------------------------------------------- Subject to Redemption -------------------------------------------------------------------------------------------------------------------------- First First Interest Interest Aggregate Payment Date Payment Survivor's Principal Amount Option Yes/No Date and Terms of Redemption Amount Net Proceeds -------------------------------------------------------------------------------------------------------------------------- 7/15/2005 $11.08 Yes Yes Commencing on 4/15/2009 and on the 15th of $ 943,000 $ 922,254 each month thereafter until Maturity, the Notes may be called in whole at par at the option of the Company on ten calendar days notice. -------------------------------------------------------------------------------------------------------------------------- 10/15/2005 $27.31 Yes Yes Commencing on 4/15/2010 and on the 15th of $1,094.000 $1,066,650 each month thereafter until Maturity, the Notes may be called in whole at par at the option of the Company on ten calendar days notice. -------------------------------------------------------------------------------------------------------------------------- *** The distribution of IncomeNotes will conform to the requirements set forth in Rule 2720 of the NASD Conduct Rules.