Preheat oven to 350 degrees and coat bundt cake pan with Pam spray. Set aside.
Cut the biscuit into 8 pieces and place aside.
In a small bowl, combine the sugar and cinnamon and mix. set aside.
Take each piece of the cut dough and flatten out so that you can add in a dollop of peanut butter.
Roll into a ball and set aside until all pieces are done.
Add bowl with the sugar and cinnamon. Roll around until coated.
Put the biscuits into the pan.
In a small sauce pan, combine the butter and brown sugar. mix until melted and combined.
Pour into pan with biscuits.
Bake in the oven for 40 minutes.
When the timer goes off, pull it out. The center will still be jiggly.
Let sit for 5 minutes before place the serving plate on top of the pan and flipping the pan.
Lightly tap the sides of the pan to loosen the monkey bread.
Once the monkey bread is out and onto the plate, drizzle the jelly on top.