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

By Susanna Moon

Chicago, May 13 - JPMorgan Chase & Co. plans to price 10% autocallable yield notes due May 21, 2014 linked to the Market Vectors Gold Miners exchange-traded fund 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 plus accrued interest if both components close at or above their initial levels on any of the quarterly call dates.

A trigger event will occur if either component falls below the 60% trigger level on any trading day.

The payout at maturity will be par unless the least performing component finishes below its initial level and a trigger event occurs, in which case the payout will be par plus the return of the least performing component, up to a cap of par.

J.P. Morgan Securities LLC is the agent.

The notes will price on May 17 and settle on May 22.

The Cusip number is 48126D5C9.

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