JPM plans 11%-13.75% yield optimization notes on International Paper

By Jennifer Chiou

New York, Aug. 5 - JPMorgan Chase & Co. plans to price 11% to 13.75% annualized yield optimization notes with contingent protection due Feb. 23, 2011 linked to the common stock of International Paper Co., according to an FWP filing with the Securities and Exchange Commission.

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

Interest will be payable monthly.

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

The notes (Cusip 46634X203) are expected to price on Aug. 16 and settle on Aug. 19.

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

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