Free
Writing Prospectus
Filed
Pursuant to Rule 433
Registration
No. 333−136666
December
17, 2007
The
BearLinx Alerian MLP Select Index ETN to
transfer to NYSE Arca
NEW
YORK,
December 17, 2007 - NYSE Euronext (NYSE Euronext: NYX) today announced that
the
BearLinx Alerian MLP Select Index ETN (NYSE
Euronext: BSR) will transfer
from the NYSE to
the
NYSE
Arca listing and trading platform. BSR is scheduled to transfer effective prior
to the opening on Monday, December 31, 2007.
As
previously announced, this
planned market consolidation,
initiated
by specialist firms and in consultation with issuers, will be beneficial to
investors in terms of savings, efficiency and overall market performance. As
one
of the most attractive and industry-preferred market structure for trading
ETFs
and ETNs, NYSE Arca, which utilizes dedicated liquidity providers in the form
of
Lead Market Makers (LMMs) and Market Makers (MMs), is one of the best platforms
to efficiently list and trade the over 240 NYSE Group listed ETFs and
ETNs.
All
existing NYSE specialist firms are able to act as LMMs in primary listings
on
NYSE Arca and will continue to provide value for investors and issuers while
ensuring liquidity and reducing volatility. By offering a single, harmonized
platform for listing and trading ETFs, NYSE Group will further improve
efficiencies and market quality.
NYSE
Arca’s all-electronic platform is the single largest liquidity pool for ETFs in
the U.S. and presents a compelling value proposition for all market
participants. In the first half of 2007, NYSE Arca handled 43% of all ETF shares
traded in the U.S., representing an ADV of approximately 231.96 million shares
per day.
About
NYSE Euronext
NYSE
Euronext, a holding company created by the combination of NYSE Group, Inc.
and
Euronext N.V., commenced trading on April 4, 2007. NYSE Euronext (NYSE Euronext:
NYX) operates the world’s largest and most liquid exchange group and offers the
most diverse array of financial products and services. NYSE Euronext, which
brings together six cash equities exchanges in five countries and six
derivatives exchanges in six countries, is a world leader for listings, trading
in cash equities, equity and interest rate derivatives, bonds and the
distribution of market data. Representing a combined $30.3 trillion/€21.3
trillion total market capitalization of listed companies and average daily
trading value of approximately $139 billion/€103 billion (as of September 30,
2007), NYSE Euronext seeks to provide the highest standards of market quality
and integrity, innovative products and services to investors, issuers, and
all
users of its markets.
NYSE Euronext is part of the S&P 500 and S&P 100 indexes.
Cautionary
Note Regarding Forward-Looking Statements
This
press release may contain forward-looking statements, including forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of
1995. Such forward-looking statements include, but are not limited to,
statements concerning NYSE Euronext's plans, objectives, expectations and
intentions and other statements that are not historical or current facts.
Forward-looking statements are based on NYSE Euronext's current expectations
and
involve risks and uncertainties that could cause actual results to differ
materially from those expressed or implied in such forward-looking statements.
Factors that could cause NYSE Euronext's results to differ materially from
current expectations include, but are not limited to: NYSE Euronext's ability
to
implement its strategic initiatives, economic, political and market conditions
and fluctuations, government and industry regulation, interest rate risk and
U.S. and global competition, and other factors detailed in NYSE Euronext’s
reference document for 2006 ("document de référence") filed with the French
Autorité des Marchés Financiers (Registered on June 6, 2007 under No.
R.07-0089), 2006 Annual Report on Form 10-K, as amended, and other periodic
reports filed with the U.S. Securities and Exchange Commission or the French
Autorité des Marchés Financiers. In addition, these statements are based on a
number of assumptions that are subject to change. Accordingly, actual results
may be materially higher or lower than those projected. The inclusion of such
projections herein should not be regarded as a representation by NYSE Euronext
that the projections will prove to be correct. This press release speaks only
as
of this date. NYSE Euronext disclaims any duty to update the information
herein.
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
offices worldwide. For additional information about Bear Stearns, please visit
the firm’s web site at www.bearstearns.com.
About
BearLinxSM Alerian MLP Select Index ETN
The
BearLinxSM Alerian MLP Select Index ETN is linked to the Alerian MLP Select
Index (ticker: AMZS) (the “Index”), which is published by the Standard &
Poor’s, a division of the McGraw-Hill Companies, Inc. (the “Sponsor”), in
consultation with Alerian Capital Management LLC (“Alerian”). The BearLinxSM MLP
Select Index ETN tracks the change in the level of the Index and pays a monthly
coupon equal to the amount of dividends that would be paid from companies
underlying the Index each month less a tracking fee.
The
Index
measures the composite performance of midstream energy oriented Master Limited
Partnerships (“MLPs”), and is calculated by the Sponsor using a float-adjusted,
market capitalization weighted methodology. The objective of the Index is to
provide investors with a comprehensive benchmark for the performance of the
energy MLP universe. The MLPs underlying the Index are generally limited
partnerships engaged in the exploration, marketing, mining, processing,
production, storage or transportation of any mineral or natural
resource.
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/777001/000114420407067610/v097269_424b3.htm
Prospectus
Supplement:
http://www.sec.gov/Archives/edgar/data/777001/000104746906011015/a2172743z424b5.htm
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.