PRICING SUPPLEMENT NO. 11 Rule 424(b)(3)
DATED: July 18, 2005 File No. 333-121744
(To Prospectus dated February 2, 2005,
and Prospectus Supplement dated February 2, 2005)
$12,410,781,162
THE BEAR STEARNS COMPANIES INC.
Medium-Term Notes, Series B
Principal Amount: $150,000,000 Floating Rate Notes [x] Book Entry Notes [x]
Original Issue Date: 7/27/2005 Fixed Rate Notes [ ] Certificated Notes [ ]
Maturity Date: 7/27/2007 CUSIP#: 073928L43
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
[x] Federal Funds Effective Rate
[ ] Federal Funds Open Rate Interest Reset Date(s): Daily
[ ] Treasury Rate Interest Reset Period: Daily
[ ] LIBOR Reuters Interest Payment Date(s): *
[ ] LIBOR Telerate
[ ] Prime Rate
[ ] CMT Rate
Initial Interest Rate: 3.37% Interest Payment Period: Monthly
Index Maturity: N/A
Spread (plus or minus): +0.09%
* On the 27th of each month, commencing August 27, 2005, or if such date is not
a Business Day, the next succeeding Business Day, including the maturity
date.
The distribution of Notes will conform to the requirements set forth in Rule
2720 of the NASD Conduct Rules.