JPMorgan plans 8.25% autocallable yield notes on Russell, Gold Miners

By Marisa Wong

Madison, Wis., Sept. 4 - JPMorgan Chase & Co. plans to price 8.25% autocallable yield notes due Sept. 24, 2014 linked to the Russell 2000 index and the Market Vectors Gold Miners exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par plus accrued interest if both components close at or above their initial levels on any quarterly call date.

A trigger event will occur if either component falls below the 55% trigger level on any trading day during the life of the notes.

The payout at maturity will be par unless a trigger event occurs and the return of the worse performing component is negative, in which case investors will share in losses of the worse performing component.

The notes (Cusip: 48126NQG5) are expected to price on Sept. 19 and settle on Sept. 24.

J.P. Morgan Securities LLC is the agent.

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