JPMorgan plans return optimization securities tied to S&P 500 via UBS

By E. Janene Geiss

Philadelphia, May 1 - JPMorgan Chase & Co. plans to price 0% return optimization securities with partial protection due Nov. 30, 2010 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

UBS Financial Services Inc. and J.P. Morgan Securities Inc. are the agents.

The payout at maturity will be par of $10.00 plus double any index gain, subject to a maximum payout of $12.45 to $12.725 per note.

Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% the index declines beyond 10%.

The notes will price on May 26 and settle on May 29.

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