JPMorgan plans 8%-10% yield optimization notes linked to CSX stock

By Jennifer Chiou

New York, July 23 - JPMorgan Chase & Co. plans to price 8% to 10% yield optimization notes with contingent protection due July 29, 2011 linked to the common stock of CSX Corp., according to an FWP filing with the Securities and Exchange Commission.

The principal amount of each note will be equal to the price of CSX stock on the pricing date.

Interest will be payable monthly.

The payout at maturity will be par unless the final price of CSX stock is below 75% of the initial share price, in which case the payout will be one CSX share per note.

The notes (Cusip 46634E163) are expected to price on July 28 and settle on July 30.

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

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