JPMorgan plans 8.75%-10.75% yield optimization notes linked to Barclays via UBS

By Jennifer Chiou

New York, March 3 - JPMorgan Chase & Co. plans to price 8.75% to 10.75% yield optimization notes with contingent protection due March 19, 2012 linked to the American Depositary Shares of Barclays plc, according to an FWP filing with the Securities and Exchange Commission.

The face amount of each note will be equal to the initial ADS price of Barclays.

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

If the final price of Barclays ADSs is less than 75% of the initial price, the payout at maturity will be one Barclays ADS per note. Otherwise, the payout will be par.

The notes are expected to price on March 15 and settle on March 19.

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

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