Filed
Pursuant to Rule 433
November
1, 2007
Relating
to
Prospectus
dated August 16, 2006
Registration
No. 333−136666
THE
BEAR STEARNS COMPANIES INC.
5
YEAR FIXED RATE NOTE, CALLABLE STARTING ON, BUT NOT BEFORE, NOVEMBER 13,
2008
FINAL
TERMS AND CONDITIONS
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Issuer:
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The
Bear Stearns Companies Inc.
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Expected
Ratings:
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A1/
A+
An
explanation of the significance of ratings may be obtained from
the rating
agencies. Generally, rating agencies base their ratings on such
material
and information, and such of their own investigations, studies
and
assumptions, as they deem appropriate. The rating of the securities
should
be evaluated independently from similar ratings of other securities.
A
credit rating of a security is not a recommendation to buy, sell
or hold
securities and may be subject to review, revision, suspension,
reduction
or withdrawal at any time by the assigning rating
agency.
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Trade
Date:
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November
1, 2007
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Settlement
Date:
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November
13, 2007
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Total
principal amount (USD):
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$5,500,000
(may be upsized)
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Coupon:
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6.00%
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Maturity
Date:
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November
13, 2012
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Public
Offering Price
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100.00%
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Redemption
Price
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100.00%
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Initial
Interest Payment Date
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February
13, 2008
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Interest
Payment Dates
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Quarterly
on the 13th
calendar day of each February, May, August and November, subject
to Early
Redemption, in accordance with the Business Day Convention.
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Interest
Period End Dates
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Quarterly
on the 13th
calendar day of each February, May, August and November, starting
on
February 13, 2008.
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Interest
Period
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Each
period from, and including, one Coupon Period End Date to, but
excluding,
the next following Coupon Period End Date, except that the initial
Coupon
Period will commence on, and include the Issue Date.
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Coupon
Payment Currency
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USD
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Business
Days
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New
York, London
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Business
Day Convention
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Modified
Following
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Day
count:
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30
/ 360 unadjusted
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Minimum
denomination:
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$1,000
minimum, $1,000 integral multiples thereafter
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Early
Redemption
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The
Issuer shall have the right to call the Notes in whole but not
in part at
100% of the Issue Amount on each Coupon Payment Date starting on
November
13, 2008 by providing five (5) Business Days prior notice.
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Form
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USMTN
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Listing
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None
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Clearing
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DTC
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Payment
and Delivery
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Delivery
of the note in full on the Issue Date to Bear Stearns through DTC,
against
payment.
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No
Investment Advice
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In
creating this term sheet Bear Stearns is not providing you with
investment
advice or a personal recommendation. In the event Bear Stearns
is deemed
to have provided you with investment advice, you acknowledge and
agree
that Bear Stearns has only done so to the extent that you have
provided
Bear Stearns with your investment objectives with respect to the
Notes and
only such investment objectives have been taken into account when
assessing the suitability of the Notes for your purposes.
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Risk
Factors
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Credit
and Principal.
The Note is an unsecured senior unsubordinated obligation of the
Issuer.
The Note is principal protected only at maturity and, if called
by the
Issuer, on the relevant Call Date.
Liquidity
Risk.
Neither Bear Stearns nor the Issuer makes any representation as
to the
existence of a secondary market for the Note. The market value
can be
expected to fluctuate significantly and investors should be prepared
to
assume the market risks associated with these Notes. However, under
ordinary market conditions, Bear Stearns will offer to repurchase
part or
all of the Notes outstanding, although there can be no assurance
at which
price such a bid would be made. The price given, if any, may also
be
affected by many factors, including, but not limited to: the remaining
term of the Notes, the general level of interest rates, implied
volatility
and the cost to the Issuer of unwinding any related hedging activity
or
any funding arrangement.
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CUSIP:
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073928Y98
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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 in that registration statement
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.
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.
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