Bear Stearns plans 0% principal-protected notes linked to MSCI EAFE

By E. Janene Geiss

Philadelphia, March 13 - Bear Stearns Cos. Inc. plans to price 0% principal-protected notes due March 2009 linked to the MSCI EAFE index, according to an FWP filing with the Securities and Exchange Commission.

If the index never closes below a lower barrier or above an upper barrier during the life of the notes, the payout will be par plus the index return multiplied by a participation rate that is expected to be 130%. The exact rate will be determined at pricing.

The lower barrier will be 80% of the initial level and the upper barrier will be 120% of the initial level.

If the index does close outside the given range, the payout will be par.

The notes are expected to price and settle in March.

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

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