New Issue: Bear Stearns prices $2.5 million principal-protected notes linked to currencies

By Jennifer Chiou

New York, Dec. 7 - The Bear Stearns Cos. Inc. priced $2.5 million principal-protected notes due Dec. 22, 2008 linked to a basket of currencies, according to an FWP filing with the Securities and Exchange Commission.

The underlying currencies include equal weights of the Brazilian real, Russian ruble, Indian rupee and Chinese yuan.

At maturity, investors will participate in 400% of the basket appreciation against the dollar.

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

Issuer:	The Bear Stearns Cos. Inc.
Issue:	Principal-protected notes
Underlying currencies:	Brazilian real, Russian ruble, Indian rupee and Chinese yuan
Amount:	$2.5 million
Maturity:	Dec. 22, 2008
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 400% any basket gain; floor of par
Initial rates:	Brazilian real at 2.1475, Russian ruble at 26.2045, Indian rupee at 44.60 and Chinese yuan at 7.8224 (all per dollar)
Pricing date:	Dec. 6
Settlement date:	Dec. 22
Underwriter:	Bear, Stearns & Co., Inc.

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