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Bear Stearns to price 0% notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Feb. 7 - The Bear Stearns Cos. Inc. plans to price 0% notes due March 2009 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, subject to a maximum return of 23%. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for each 1% decline beyond 10%.
The notes will price and settle in February.
Bear, Stearns & Co. Inc. will be the agent.
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