THE BEAR STEARNS COMPANIES INC.
IncomeNotesSM
With Maturities of Nine Months or More from Date of Issue
Registration No. 333-104455
Filed Pursuant to Rule 424(b)(3)
Pricing Supplement No. 3
(To Prospectus dated April 24, 2003,
and Prospectus Supplement dated June 19, 2003)
Trade Date: July 14, 2003
Issue Date: July 17, 2003
The date of this Pricing Supplement is July 14, 2003
----------------------------------------------------------------------------------------------------------------------------
CUSIP# Interest Rate Maturity Date Price to Discounts & Reallowance Dealer Interest
Public Commissions Payment Frequency
----------------------------------------------------------------------------------------------------------------------------
07387EAF4 4.30% 7/15/2013 100.00% 1.50% 0.200% 98.90% Semi
----------------------------------------------------------------------------------------------------------------------------
07387EAG2 5.00% 7/15/2018 100.00% 2.00% 0.350% 98.40% Monthly
----------------------------------------------------------------------------------------------------------------------------
07387EAH0 5.25% 7/15/2023 100.00% 2.50% 0.350% 98.00% Monthly
----------------------------------------------------------------------------------------------------------------------------
Subject to Redemption
----------------------------------------------------------------------------------------------------------------------------
First
First Interest Aggregate
Interest Payment Survivor's Principal
Payment Date Amount Option Yes/No Date and Terms of Redemption Amount Net Proceeds
----------------------------------------------------------------------------------------------------------------------------
1/15/2004 $21.26 Yes No N/A $889,000 $875,665
----------------------------------------------------------------------------------------------------------------------------
Commencing 7/15/2006 and on the interest
8/15/2003 $3.89 Yes Yes payment dates thereafter until Maturity, $1,738,000 $1,703,240
the Notes may be called in whole at par at
the option of the Company on ten calendar
days notice.
----------------------------------------------------------------------------------------------------------------------------
Commencing 7/15/2008 and on the interest
8/15/2003 $4.08 Yes Yes payment dates thereafter until Maturity, $4,102,000 $3,999,450
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.