JPMorgan plans 7.75% to 10.25% trigger yield optimization notes linked to Caterpillar

By Jennifer Chiou

New York, Nov. 15 - JPMorgan Chase & Co. plans to price 7.75% to 10.25% trigger yield optimization notes due Nov. 26, 2012 linked to the common stock of Caterpillar Inc., according to an FWP with the Securities and Exchange Commission.

Interest will be payable monthly. The exact coupon will be set at pricing.

The face amount of each note will be equal to the initial price of Caterpillar stock.

The payout at maturity will be par unless the final price of Caterpillar stock is less than 70% of the initial share price, in which case investors will receive one Caterpillar share per note.

The notes (Cusip: 46636T135) are expected to price on Nov. 18 and settle on Nov. 23.

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

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