JPMorgan plans 7.85%-10.35% trigger yield notes tied to Occidental

By Marisa Wong

Madison, Wis., Nov. 9 - JPMorgan Chase & Co. plans to price 7.85% to 10.35% trigger yield optimization notes due Nov. 16, 2012 linked to the common stock of Occidental Petroleum Corp., according to an FWP filing with the Securities and Exchange Commission.

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

The face amount of each note will be equal to the initial price of Occidental stock.

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

The notes (Cusip: 46636T176) are expected to price on Nov. 11 and settle on Nov. 16.

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

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