JPMorgan plans 6.5%-9% trigger yield notes linked to Hewlett-Packard

By Jennifer Chiou

New York, Aug. 10 - JPMorgan Chase & Co. plans to price 6.5% to 9% trigger yield optimization notes due Aug. 17, 2012 linked to the common stock of Hewlett-Packard Co., according to an FWP with the Securities and Exchange Commission.

Interest will be payable monthly.

The face amount of each note will be equal to the initial share price of Hewlett-Packard stock.

The payout at maturity will be par in cash unless the final price of Hewlett-Packard stock is less than 75% of the initial share price, in which case investors will receive one Hewlett-Packard share per note.

The notes (Cusip: 46636T804) are expected to price on Aug. 12 and settle on Aug. 17.

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

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