PRICING SUPPLEMENT NO. 66 Rule 424(b)(3) DATED: April 1, 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: $300,000,000 Floating Rate Notes [x] Book Entry Notes [x] Original Issue Date: 4/3/2003 Fixed Rate Notes [ ] Certificated Notes [ ] Maturity Date: 4/5/2004 CUSIP#: 073928ZA4 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): * [ ] Treasury Rate Interest Reset Period: Monthly [ ] LIBOR Reuters Interest Payment Date(s): ** [ x ] LIBOR Telerate [ ] Prime Rate [ ] CMT Rate Initial Interest Rate: 1.29% Interest Payment Period: Monthly Index Maturity: One Month Spread (plus or minus): -0.01% * On the 5th of each month prior to Maturity. ** On the 5th of each month and at Maturity. The distribution of Notes will conform to the requirements set forth in Rule 2720 of the NASD Conduct Rules.