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. 12
(To Prospectus dated February 2, 2005,
and Prospectus Supplement dated February 2, 2005)
Trade Date: April 25, 2005
Issue Date: April 28, 2005
The date of this Pricing Supplement is April 25, 2005
-------------------------------------------------------------------------------------------------------------------------
Interest
Maturity Price to Discounts & Payment
CUSIP# Interest Rate Date Public Commissions Reallowance Dealer Frequency
-------------------------------------------------------------------------------------------------------------------------
07387EHM2 5.470% 4/15/2030 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
-------------------------------------------------------------------------------------------------------------------------
10/15/2005 $25.37 Yes Yes Commencing on 4/15/2010 and on the 15th $1,025,000 $999,375
of 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.