Bear Stearns plans issue of 0% notes linked to basket of indexes

By Jennifer Chiou

New York, July 18 - Bear Stearns Cos. Inc. plans to price 0% principal-protected notes due August 2010 linked to a basket of three indexes, according to a 424B5 filing with the Securities and Exchange Commission.

The underlying indexes include equal weights of the S&P 500, Dow Jones Euro Stoxx 50 and Nikkei 225 indexes.

Payout at maturity will be par plus any positive return on the basket multiplied by a to-be-determined participation rate. Investors will receive at least par.

Bear Stearns said it may grant a greenshoe to agent Bear, Stearns & Co. Inc.

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