New Issue: Bear Stearns prices $1.9 million lookback notes linked to four currencies

By Laura Lutz

Des Moines, Nov. 26 - The Bear Stearns Cos. Inc. priced $1.9 million of zero-coupon principal-protected leveraged lookback notes due Nov. 27, 2009 linked to a currency basket, according a 424B2 filing with the Securities and Exchange Commission.

The basket consists of equal weights of the Brazilian real, the Russian ruble, the Indian rupee and the Chinese yuan, all against the dollar.

The payout at maturity will be based on the highest of the basket currency returns determined on the observation dates of May 20, 2008, Nov. 20, 2008, May 20, 2009 and Nov. 20, 2009.

Investors will receive par plus 170% of that return, subject to a floor of par.

Bear Stearns & Co. Inc. is the underwriter.

Issuer:	The Bear Stearns Cos. Inc.
Issue:	Principal-protected leveraged lookback notes
Underlying currencies:	Equal weights of Brazilian real, Russian ruble, Indian rupee and Chinese yuan, all against dollar
Amount:	$1.9 million
Maturity:	Nov. 27, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 170% of highest of basket currency returns on May 20, 2008, Nov. 20, 2008, May 20, 2009 and Nov. 20, 200; floor of par
Pricing date:	Nov. 20
Settlement date:	Nov. 26
Underwriter:	Bear Stearns & Co. Inc.
Fees:	0.5%

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