JPMorgan plans 7% autocallable yield notes linked to EM, gold ETFs

By Marisa Wong

Madison, Wis., Nov. 8 - JPMorgan Chase & Co. plans to price autocallable yield notes due Nov. 25, 2013 linked to the lesser performing of the iShares MSCI Emerging Markets index fund and the Market Vectors Gold Miners exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly. The coupon is expected to be at least 7% and 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 either component falls by more than 44% on any day 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 worse-performing component.

J.P. Morgan Securities LLC will be the agent.

The notes will price on Nov. 20 and settle on Nov. 26.

The Cusip number is 48126DHL6.

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