Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers B > Headlines for Bear Stearns Cos. Inc. > News item |
Bear Stearns to price 0% notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Dec. 3 - The Bear Stearns Cos. Inc. plans to price 0% medium-term notes, series B, due January 2009 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will price and settle in December.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus triple the index return, subject to a maximum gain of 21%. Investors will receive par if the index falls by 10% or less and will lose 1.1111% for each 1% decline beyond 10%.
Bear, Stearns & Co. Inc. will be the agent.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.