New Issue: Bear Stearns prices $7.3 million notes linked to Dow Jones Industrials

New York, June 14 - Bear Stearns Cos. Inc. priced $7.3 million of 0% Summits (Strategic Upside Market Mitigating Index Term Securities) linked to the Dow Jones Industrial Average, according to a 424B5 filing with the Securities and Exchange Commission.

At maturity, the notes pay 1.2 times the gain on the underlying index if the index never closes below the barrier level during the life of the notes or the index ends above its initial level. The barrier is set at 65% of the initial level. There is a minimum payout of par if these conditions are met. Otherwise the notes pay out the return on the index with no minimum.

Issuer:	Bear Stearns Cos. Inc.
Issue:	Summits (Strategic Upside Market Mitigating Index Term Securities) senior notes
Underlying index:	Dow Jones Industrial Average
Amount:	$7.3 million
Greenshoe:	$1 million
Maturity:	June 15, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	If index never closes below barrier level during term of notes or index closes above initial level, then 1.2 times gain of index, minimum of par; otherwise return on index, no minimum
Barrier level:	6,833.21, 65% of initial level
Initial level:	10,512.63
Underwriter:	Bear, Stearns & Co. Inc.
Pricing date:	June 10
Settlement date:	June 15

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