Published on 4/30/2003 in the Prospect News Convertibles Daily.
New Issue: Bear Stearns prices $14 million 0.25% notes linked to Fifth Third
New York, April 30 - The Bear Stearns Cos. Inc. issued $14 million 0.25% notes linked to the common stock of Fifth Third Bancorp, according to a filing with the Securities and Exchange Commission.
| Issuer: | The Bear Stearns Cos. Inc.
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| Issue: | Medium-term notes
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| Amount: | $14 million
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| Maturity: | May 12, 2010
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| Coupon: | 0.25%
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| Call: | May 12, 2006 onwards at par
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| Payout at maturity: | Greater of exchange value or par
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| Exchange price: | $55.8522 paid in cash (12.3% above initial stock price of $49.75)
|
| Exchange: | On 20 days notice
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| Underwriter: | Bear, Stearns & Co., Inc.
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| Pricing date: | April 28
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| Settlement: | May 12
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