New Issue: Bear Stearns prices $3.636 million 0% notes linked to S&P 500

By Jennifer Chiou

New York, Feb. 12 - The Bear Stearns Cos. Inc. priced a $3.636 million issue of Accelerated Market Participation Securities due April 14, 2008 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any positive return on the index, capped a maximum return of 15.95%. Investors will be fully exposed to any decline in the index.

Bear Stearns said it may grant a $545,400 greenshoe to Bear Stearns & Co. Inc., the agent for the offering.

Issuer:	The Bear Stearns Cos. Inc.
Issue:	Accelerated Market Participation Securities
Underlying index:	S&P 500
Amount:	$3.636 million
Greenshoe:	$545,400
Maturity:	April 14, 2008
Coupon:	0%
Payout at maturity:	Par plus triple any positive index return up to a maximum return of 15.95%; full exposure to any index decline
Initial index level:	1,448.31
Pricing date:	Feb. 8
Settlement date:	Feb. 13
Agent:	Bear Stearns & Co. Inc
Agent fees:	0.1%

© 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.