JPMorgan plans 6.5% to 8.5% trigger yield optimization notes tied to Occidental Petroleum via UBS

By Jennifer Chiou

New York, May 18 - JPMorgan Chase & Co. plans to price 6.5% to 8.5% trigger yield optimization notes due May 25, 2012 linked to the common stock of Occidental Petroleum Corp., 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 price of Occidental Petroleum stock.

The payout at maturity will be par unless the final price of Occidental Petroleum stock is less than 80% of the initial share price, in which case investors will receive one Occidental Petroleum share per note.

The notes (Cusip: 46634X211) are expected to price on May 20 and settle on May 25.

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

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