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Bear Stearns plans 0% principal-protected notes linked to S&P 500
By Laura Lutz
Des Moines, Jan. 14 - Bear Stearns Cos. Inc. plans to price 0% principal-protected notes due January 2009 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index stays within 20% of its initial level during the life of the notes, the payout will be par plus the absolute value of any return on the index.
Otherwise, the payout will be par.
The notes are expected to price and settle in January.
Bear, Stearns & Co. Inc. is the agent.
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