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JPMorgan plans 8%-10% trigger yield optimization notes tied to Siemens
By Angela McDaniels
Tacoma, Wash., Dec. 7 - JPMorgan Chase & Co. plans to price 8% to 10% trigger yield optimization notes due Dec. 14, 2012 linked to the American Depositary Shares of Siemens AG, according to an FWP filing with the Securities and Exchange Commission.
The exact coupon will be set at pricing. Interest will be payable monthly.
The face amount of each note will be equal to the initial price of Siemens ADSs.
The payout at maturity will be par unless the final price of Siemens ADSs is less than 75% of the initial ADS price, in which case investors will receive one Siemens ADS per note.
The notes (Cusip: 48126B780) are expected to price Dec. 9 and settle Dec. 14.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
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