New Issue: Bear Stearns prices $300,000 range bound notes linked to Exxon Mobil

By Laura Lutz

Des Moines, Feb. 27 - Bear Stearns Cos. Inc. priced $300,000 of 0% range bound notes due Aug. 27, 2009 linked to the common stock of Exxon Mobil Corp., according to a 424B2 filing with the Securities and Exchange Commission.

If Exxon Mobil stock remains within the upper and lower barriers throughout the life of the notes, the payout at maturity will be par plus 27%. Otherwise, the payout will be par.

The upper and lower barriers are 24% above and below the initial share price, respectively.

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

Issuer:	Bear Stearns Cos. Inc.
Issue:	Range bound notes
Underlying stock:	Exxon Mobil Corp. (Symbol: XOM)
Amount:	$300,000
Maturity:	Aug. 27, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	If stock stays within 24% of initial level, 127% of par; otherwise, par
Initial level:	$87.17
Lower barrier:	$66.249, 76% of initial level
Upper barrier:	$108.091, 124% of initial level
Pricing date:	Feb. 22
Settlement date:	Feb. 27
Agent:	Bear, Stearns & Co. Inc.
Fees:	1.75%

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.