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Bear Stearns to sell notes linked to S&P 500
By Jennifer Chiou
New York, Jan. 9 - Bear Stearns Cos. Inc. is planning to price 0% one-year notes linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index never closes above the upper barrier of 120% of the initial level and never closes below the lower barrier of 80% of the initial level, investors will receive par plus the absolute value of the index return multiplied by a participation rate of at least 100%.
If the index closes outside of the barriers during the life of the notes, investors will receive par.
The notes will price and settle in January.
Bear, Stearns & Co. Inc. is the agent.
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