JPM plans 8.75%-11.25% yield optimization notes on Halliburton via UBS

By Jennifer Chiou

New York, Feb. 12 - JPMorgan Chase & Co. plans to price 8.75% to 11.25% yield optimization notes with contingent protection due Aug. 31, 2010 linked to the common stock of Halliburton Co., according to an FWP filing with the Securities and Exchange Commission.

The face amount of each note will be equal to the initial share price of Halliburton.

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

If the final price of Halliburton stock is less than 75% of the initial share price, the payout at maturity will be one Halliburton share per note. Otherwise, the payout will be par.

The notes are expected to price on Feb. 24 and settle on Feb. 26.

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

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