Published on 8/1/2006 in the Prospect News Convertibles Daily.
New Issue: Bear Stearns issues $21 million 0% notes linked to basket of indexes
By Jennifer Chiou
New York, Aug. 1 - Bear Stearns Cos. Inc. priced $21 million of 0% principal-protected notes due Aug. 2, 2010 linked to a basket of three indexes, according to a 424B5 filing with the Securities and Exchange Commission.
The basket includes the S&P 500, Dow Jones Euro Stoxx 50 and Nikkei 225 indexes, all equally weighted.
Payout at maturity will par plus any gain on the basket. Investors will receive at least par.
| Issuer: | Bear Stearns Cos. Inc.
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| Issue: | Principal-protected notes
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| Underlying indexes: | S&P 500, Dow Jones Euro Stoxx 50, Nikkei 225, equally weighted
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| Amount: | $21 million
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| Greenshoe: | $3.15 million
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| Maturity: | Aug. 2, 2010
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any gain on the basket; floor of par
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| Pricing date: | July 28
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| Settlement date: | Aug. 2
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| Underwriter: | Bear, Stearns & Co. Inc.
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