JPMorgan plans 8.4%-10.9% yield optimization notes on Potash via UBS

By Susanna Moon

Chicago, April 5 - JPMorgan Chase & Co. plans to price 8.4% to 10.9% yield optimization notes with contingent protection due April 21, 2011 based on the performance of Potash Corp. of Saskatchewan Inc. shares, according to an FWP with the Securities and Exchange Commission.

Interest is payable monthly.

If Potash stock finishes at or above 80% of the initial price, the payout at maturity will be par. Otherwise, the payout will be one Potash share per note.

The notes are expected to price on April 16 and settle on April 21.

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

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