By Laura Lutz
Des Moines, July 3 - Bear Stearns Cos. Inc. priced a $2 million issue of 0% notes due Jan. 6, 2011 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the S&P 500 index with a 30% weight, the Dow Jones Euro Stoxx 50 index with a 30% weight, the Nikkei 225 index with a 30% weight and the FTSE/Xinhua China 25 index with a 10% weight.
If the basket increases, the payout at maturity will be par plus 190% of the gain.
If the basket remains flat or declines by up to 20%, the payout will be par. Investors will shares in any losses beyond 20%.
Bear, Stearns & Co. Inc. will be the underwriter.
| Issuer: | Bear Stearns Cos. Inc.
|
| Issue: | Medium-term notes
|
| Underlying indexes: | S&P 500 index with a 30% weight, Dow Jones Euro Stoxx 50 index with a 30% weight, Nikkei 225 index with a 30% weight and FTSE/Xinhua China index with a 10% weight
|
| Amount: | $2 million
|
| Maturity: | Jan. 6, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket increases, par plus 190% of any basket gain; par if basket remains flat or declines by up to 20%; share in losses beyond 20%
|
| Pricing date: | June 29
|
| Settlement date: | July 5
|
| Underwriter: | Bear, Stearns & Co. Inc.
|
| Fees: | 2.42%
|
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