PRICING SUPPLEMENT NO. 11 Rule 424(b)(3) DATED: March 14, 2002 File No. 333-76894 (To Prospectus dated January 25, 2002, and Prospectus Supplement dated January 25, 2002) $10,006,693,162 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: 4/1/2002 Fixed Rate Notes [ ] Certificated Notes [ ] Maturity Date: 6/1/2004 CUSIP#: 073928WQ2 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 [ ] Federal Funds Effective Rate [ ] Federal Funds Open Rate Interest Reset Date(s): * [ ] Treasury Rate Interest Reset Period: Quarterly [ ] LIBOR Reuters Interest Payment Date(s): ** [x] LIBOR Telerate [ ] Prime Rate [ ] CMT Rate Initial Interest Rate: TBA% Interest Payment Period: Quarterly Index Maturity: Three Months Spread (plus or minus): +0.35% + Issued in minimum denominations of $10,000, increased in multiples of $1,000. * On the 1st of each June, September, December and March prior to Maturity. ** 6/1/02, 9/1/02, 12/1/02, 3/1/03, 6/1/03, 9/1/03, 12/1/03, 3/1/04 and 6/1/04 The distribution of Notes will conform to the requirements set forth in Rule 2720 of the NASD Conduct Rules.