Bear Stearns plans zero-coupon principal-protected notes linked to four indexes

By Laura Lutz

Des Moines, March 4 - Bear Stearns Cos. Inc. plans to price zero-coupon 100% principal-protected notes due Sept. 1, 2011 linked to a basket of four indexes, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of equal weights of the S&P 500 index, the Dow Jones Euro Stoxx 50 index, the Nikkei 225 index and the FTSE/Xinhua China 25 index.

For investors who buy at least $1 million principal amount, the notes will be priced at 99. The rest of the notes will be priced at par.

The payout at maturity will be par plus any gain on the basket. Investors will receive at least par.

The notes are expected to price and settle in March.

Bear, Stearns & Co. Inc. is the agent.

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