JP Morgan has issued an autocall-plus-income deal linked to the Market Vectors Gold Miners ETF and Russell 2000 Index. This is a worst-of structure, in which the return is dependent on the worst performer of the two assets.
The product pays an income of 10% per annum on a monthly basis. The income stream is paid until maturity unless the autocall feature is triggered, in which case the product will terminate and return capital plus any outstanding income payments. The product will be called afte