JPMorgan plans trigger yield optimization notes tied to FedEx

By Marisa Wong

Madison, Wis., Aug. 17 - JPMorgan Chase & Co. plans to price trigger yield optimization notes due Aug. 24, 2012 linked to the common stock of FedEx Corp., according to an FWP filing with the Securities and Exchange Commission.

The coupon will be 7% to 8.5% per year and will be set at pricing. Interest is payable monthly.

The face amount of each note will equal the initial price of FedEx stock.

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

The notes (Cusip: 46636T861) will price on Aug. 19 and settle on Aug. 24.

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

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