JPM plans 10% minimum yield optimization notes on DISH Network via UBS

By Jennifer Chiou

New York, Jan. 6 - JPMorgan Chase & Co. plans to price at least 10% yield optimization notes with contingent protection due April 21, 2010 linked to the class A common stock of the DISH Network Corp., according to an FWP with the Securities and Exchange Commission.

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

The exact annual coupon will be set at pricing. Interest is payable at maturity.

If DISH Network stock falls below the trigger price - 80% of the initial price - during the life of the notes, the payout at maturity will be a number of DISH Network shares equal to par divided by the initial share price.

Otherwise, the payout will be par.

The notes are expected to price on Jan. 15 and settle on Jan. 21.

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