Bear Stearns to sell notes linked to S&P 500

By Jennifer Chiou

New York, Nov. 9 - Bear Stearns Cos. Inc. is planning to price 18-month notes linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the index finishes above the initial level, the payout at maturity will be par plus two times the index return, capped at 22%. Investors will receive par for losses up to 10% and will share in any decline beyond 10%.

The notes will price and settle in November.

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

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