JPM plans 8%-10.5% yield optimization notes on Whole Foods via UBS

By Jennifer Chiou

New York, Sept. 21 - JPMorgan Chase & Co. plans to price 8% to 10.5% annualized yield optimization notes with contingent protection due March 31, 2011 linked to the common stock of Whole Foods Market, Inc., according to an FWP filing with the Securities and Exchange Commission.

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

Interest will be payable monthly.

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

The notes (Cusip 46634X831) are expected to price on Sept. 28 and settle on Sept. 30.

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

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