JPMorgan plans 8.75%-11.75% six-month yield optimization notes tied to Broadcom stock via UBS

By Susanna Moon

Chicago, Sept. 3 - JPMorgan Chase & Co. plans to price 8.75% to 11.75% annualized yield optimization notes with contingent protection due March 22, 2011 linked to the common stock of Broadcom Corp., according to an FWP filing with the Securities and Exchange Commission.

The principal amount of each note will be equal to the price of Broadcom stock on the pricing date.

Interest will be payable monthly.

The payout at maturity will be par unless the final price of Broadcom stock is below 75% of the initial share price, in which case the payout will be one Broadcom share per note.

The notes (Cusip 46634X880) are expected to price on Sept. 16 and settle on Sept. 21.

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

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