New Issue: Bear Stearns prices $2 million 0% notes linked to PHLX Oil Service Sector

By Jennifer Chiou

New York, March 6 - The Bear Stearns Cos. Inc. priced a $2 million offering of 0% Accelerated Market Participation Securities due Sept. 5, 2008 linked to the PHLX Oil Service Sector index, according to a 42B2 filing with the Securities and Exchange Commission.

The payout at maturity will be triple any positive return on the index, subject to a maximum return of 29%. Investors will be fully exposed to any negative return on the index.

Issuer:	The Bear Stearns Cos.
Issue:	Accelerated Market Participation Securities
Underlying index:	PHLX Oil Service Sector
Amount:	$2 million
Greenshoe:	$300,000
Maturity:	Sept. 5, 2008
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus triple any positive index return, capped at 29%; full exposure to any negative index return
Initial index level:	195.12
Pricing date:	March 2
Settlement date:	March 7
Agent:	Bear, Stearns & Co. Inc.
Agent fees:	2%

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