New Issue: Bear Stearns prices $0.915 million 12% reverse convertibles linked to America Movil

By Jennifer Chiou

New York, Aug. 29 - Bear Stearns Cos. Inc. priced a $0.915 million issue of 12% reverse convertible notes due Aug. 31, 2007 linked to America Movil SA de CV American Depositary Receipts, according to a 424B5 filing with the Securities and Exchange Commission.

If America Movil stock falls to or below the contingent protection level of $29.62, 80% of the initial level, during the life of the notes and the stock finishes below the initial share price, the payout will be $1,000 divided by the $37.03 initial price, in stock (27 shares plus fractions in cash) or the equivalent in cash.

Otherwise, payout is par.

Issuer:	The Bear Stearns Cos. Inc.
Issue:	Reverse convertible notes
Underlying security:	America Movil SA de CV American Depositary Receipts
Amount:	$0.915 million
Maturity:	Aug. 31, 2007
Coupon:	12%
Payment at maturity:	If America Movil stock falls below the contingent protection level of $29.62 during the life of the notes and finishes below the initial price, payout will be $1,000 divided by the $37.03 initial price, in stock (27 shares plus fractions in cash) or equivalent in cash; otherwise par
Initial price:	$37.03
Contingent protection level:	$29.62, 80% of the initial level
Pricing date:	Aug. 25
Settlement date:	Aug. 31
Agent:	Bear, Stearns & Co. Inc.

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