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. 1
(To Prospectus dated February 2, 2005
and Prospectus Supplement dated February 2, 2005)
Trade Date: February 7, 2005
Issue Date: February 10, 2005
The date of this Pricing Supplement is February 7, 2005
Fixed Rate Notes
------------------------------------------------------------------------------------------------------------------------------------
Interest
Price to Discounts & Payment
CUSIP# Interest Rate Maturity Date Public Commissions Reallowance Dealer Frequency
------------------------------------------------------------------------------------------------------------------------------------
07387EGY7 5.45% 2/15/2030 100.00% 2.50% 0.350% 98.00% Semi
------------------------------------------------------------------------------------------------------------------------------------
Subject to Redemption
---------------------
------------------------------------------------------------------------------------------------------------------------------------
First Interest Aggregate
First Interest Payment Survivor's Principal
Payment Date Amount Option Yes/No Date and Terms of Redemption Amount Net Proceeds
------------------------------------------------------------------------------------------------------------------------------------
8/15/2005 $28.01 Yes Yes Commencing on 2/15/2010 and on the 15th of each $2,945,000 $2,871,375
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.