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. 14 (To Prospectus dated February 2, 2005, and Prospectus Supplement dated February 2, 2005) Trade Date: February 21, 2006 Issue Date: February 24, 2006 The date of this Pricing Supplement is February 21, 2006 -------------------------------------------------------------------------------------------------------------------------- Interest CUSIP# Maturity Price to Discounts & Payment Interest Rate Date Public Commissions Reallowance Dealer Frequency -------------------------------------------------------------------------------------------------------------------------- 07387EHQ3 5.200% 02/24/2011 100.00% 0.850% 0.200% 99.30% Monthly -------------------------------------------------------------------------------------------------------------------------- 07387EHR1 6.000% 02/24/2031 100.00% 2.150% 0.200% 98.125% Monthly -------------------------------------------------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------------------------------------------------- 03/24/2006 $4.33 No Yes Commencing on 02/24/2008 and on any day $3,080,000 $3,053,820 thereafter until Maturity, the Notes may be called in whole at par at the option of the Company on thirty calendar days notice. --------------------------------------------------------------------------------------------------------------------------- 03/24/2006 $5.00 No Yes Commencing on 02/24/2011 and on any day $20,306,000 $19,869,421 thereafter until Maturity, the Notes may be called in whole at par at the option of the Company on thirty calendar days notice. -------------------------------------------------------------------------------------------------------------------------- *** The distribution of IncomeNotes will conform to the requirements set forth in Rule 2720 of the NASD Conduct Rules.