Bear Stearns plans principal-protected notes linked to basket of BRIC currencies

By E. Janene Geiss

Philadelphia, Jan. 9 - Bear Stearns Cos. Inc. plans to price principal-protected notes due January 2010 linked to the performance of a basket of BRIC currencies against the U.S. dollar, according to an FWP filing with the Securities and Exchange Commission.

The underlying currencies include equal weights of the Brazilian real, Russian ruble, Indian rupee and Chinese yuan.

At maturity, investors will receive par plus the basket performance multiplied by a participation rate that will be determined at pricing and expected to be 190% to 200%. Investors purchasing $1 million in notes will receive a 1% discount for a price of $999 per note.

The notes will price and settle in January.

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

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