Bear Stearns to price range bound notes linked to JPMorgan

By Angela McDaniels

Tacoma, Wash., Feb. 6 - The Bear Stearns Cos. Inc. plans to price 0% range bound notes due August 2009 linked to the common stock of JPMorgan Chase & Co., according to a 424B2 filing with the Securities and Exchange Commission.

If JPMorgan stock remains within the upper and lower barriers throughout the life of the notes, the payout at maturity will be par plus 22%. Otherwise, the payout will be par.

The upper and lower barriers are expected to be 25% above and below the initial share price, respectively.

The notes will price and settle in February.

Bear, Stearns & Co. Inc. will be the agent.

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