Bear Stearns Launches BearLinx(SM) Exchange Traded Note Linked to the Alerian MLP Select Index
21 July 2007 - 12:46AM
Business Wire
Bear, Stearns & Co. Inc. (NYSE: BSC) today announced that it
has launched the first Exchange Traded Note (ETN) designed to
provide investors with efficient access to energy-related Master
Limited Partnerships (MLPs). The ETN, called BearLinxSM Alerian MLP
Select Index ETN, captures the performance of the Alerian MLP
Select Index (AMZS Index) � a comprehensive benchmark of
energy-oriented MLPs. The BearLinxSM ETN is listed on the New York
Stock Exchange and began trading today under the symbol �BSR�. �The
BearLinx ETN offers investors exposure to a diversified MLP index
through one purchase where no Exchange Traded Fund exists or has
yet been created,� said Bill Bamber, senior managing director in
Bear Stearns Structured Equity Products. �This ETN is an innovative
way for institutions and individual investors to access the MLP
market in both a cost and operationally efficient manner,� added
Joshua Dunivant, salesperson in Structured Equity Products. The
20-year BearLinxSM ETN will track the change in the level of the
AMZS Index and investors will receive monthly coupons equal to the
amount of dividends that would be paid by the MLPs underlying the
AMZS Index each month, minus a tracking fee. The MLPs underlying
the AMZS Index are generally limited partnerships engaged in the
exploration, marketing, mining, processing, production, storage or
transportation of any mineral or natural resources. Alerian Capital
Management launched the Alerian MLP Select Index on May 16, 2007.
For more information, Bear Stearns clients should contact their
Bear Stearns sales representative. About Bear Stearns Founded in
1923, The Bear Stearns Companies Inc. (NYSE: BSC) is a leading
financial services firm serving governments, corporations,
institutions and individuals worldwide. The Company�s core business
lines include institutional equities, fixed income, investment
banking, global clearing services, asset management, and private
client services. Headquartered in New York City, the company has
approximately 15,000 employees worldwide. For additional
information about Bear Stearns, please visit the firm�s web site at
www.bearstearns.com. The issuer has filed a registration statement
(including a prospectus) with the SEC for the offering to which
this communication relates. Before you invest, you should read the
prospectus and other documents the issuer has filed with the SEC
for more complete information about the issuer and this offering.
You may get these documents for free by visiting EDGAR on the SEC
website at www.sec.gov or by following the hyperlinks provided
below. Alternatively, the issuer, any underwriter or any dealer
participating in the offering will arrange to send you the
prospectus if you request it by calling toll-free 1-866-803-9204,
or you may request a copy from any other dealer participation in
the offering. You may also access the prospectus, prospectus
supplement and pricing supplement on the SEC website as follows:
Pricing Supplement:
http://www.sec.gov/Archives/edgar/data/777001/000114420407037421/v081
375_424b5.htm Prospectus Supplement:
http://www.sec.gov/Archives/edgar/data/777001/000104746906011015/a217
2743z424b5.htm Prospectus:
http://sec.gov/Archives/edgar/data/777001/000104746906011007/a2172711
zs-3asr.htm (Due to the length of these URLs, it may be necessary
to copy and paste it into your Internet browser's URL address
field. You may also need to remove an extra space in the URL if one
exists.) Alerian MLP Select Index, Alerian MLP Select Total Return
Index, Alerian MLP Index and Alerian MLP Total Return Index are
trademarks of Alerian Capital Management LLC and their use is
granted under a license from Alerian Capital Management LLC
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