JPMorgan plans 10%-12% autocallable yield notes on gold fund, Russell

By Susanna Moon

Chicago, Nov. 2 - JPMorgan Chase & Co. plans to price 10% to 12% autocallable yield notes due Nov. 29, 2013 linked to the Market Vectors Gold Miners ETF and the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.

Interest is payable monthly. The exact coupon will be set at pricing.

The notes will be called at par if each underlying component closes at or above its initial level on any quarterly call date.

A trigger event will occur if any component falls by more than 37.5% during the life of the notes.

The payout at maturity will be par unless a trigger event has occurred and either component finishes below its initial level, in which case investors will lose 1% for every 1% decline of the worst-performing component.

J.P. Morgan Securities LLC is the agent.

The notes will price on Nov. 27 and settle on Nov. 30.

The Cusip number is 48126DGS2.

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