JP Morgan Chase plans to launch two credit card ABS transactions for a total of $1 billion.
The $750 million class A (2013-4) notes are backed by credit card receivables that arise in certain revolving credit card accounts owned by Chase Bank USA, according to a preliminary deal prospectus filed with the U.S. Securities and Exchange Commission.
JP Morgan, Credit Suisse and RBC Capital Markets are lead managers on that deal.
A second deal prospectus for the $250 million class A 2013-5 notes was also filed today. JP Morgan, Barclays and RBS Securities are lead managers on that deal.