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. 2 (To Prospectus dated February 2, 2005, and Prospectus Supplement dated February 2, 2005) Trade Date: February 14, 2005 Issue Date: February 17, 2005 The date of this Pricing Supplement is February 14, 2005 Fixed Rate Notes ------------------------------------------------------------------------------------------------------------------------- Interest Maturity Price to Discounts & Payment CUSIP# Interest Rate Date Public Commissions Reallowance Dealer Frequency ------------------------------------------------------------------------------------------------------------------------- 07387EGZ4 5.35% 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 $26.45 Yes Yes Commencing on 2/15/2010 and on the 15th of $2,911,000 $2,838,225 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.