JPMorgan plans 6.6%-8.6% trigger yield notes linked to Pfizer

By Jennifer Chiou

New York, Aug. 10 - JPMorgan Chase & Co. plans to price 6.6% to 8.6% trigger yield optimization notes due Aug. 17, 2012 linked to the common stock of Pfizer Inc., according to an FWP with the Securities and Exchange Commission.

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

Interest will be payable monthly.

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

The notes (Cusip: 46636T887) are expected to price on Aug. 12 and settle on Aug. 17.

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

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