New Issue: Bear Stearns prices $25.003 million of notes linked to index basket

By E. Janene Geiss

Philadelphia, June 26 - Bear Stearns Cos. Inc. priced a $25.003 million issue of medium-term notes due June 27, 2011 linked to a basket of equity indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes a 75% weight of the S&P 500 index, 8% of the Dow Jones Euro Stoxx 50 index, 5% of the Nikkei 225, Russell 2000 and FTSE 100 index, along with 2% of the S&P/ASX 200 index.

Payout at maturity will be par plus 120.5% of any positive return on the basket.

If the basket declines by 20% or less, investors will receive par. Investors will lose 1% for every 1% the basket declines beyond 20%.

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

Issuer:	Bear Stearns Cos. Inc.
Issue:	Medium-term notes
Underlying indexes:	S&P 500 with 75% weight, Dow Jones Euro Stoxx 50 with an 8% weight, Nikkei 225, Russell 2000 and FTSE 100, all with 5% weight and S&P/ASX 200 index with 2% weight
Amount:	$25.003 million
Maturity:	June 27, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 120.5% of positive return on basket; floor of par
Initial levels:	1,502.56 for S&P 500, 4,479.36 for Dow Jones Euro Stoxx 50, 18,188.63 for Nikkei 225, 834.75 for Russell 2000, 6,567.40 for FTSE 100 and 6,382.60 for S&P/ASX 200
Pricing date:	June 22
Settlement date:	June 27
Agent:	Bear, Stearns & Co. Inc.

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