Chase Bank plans to issue a new $500 million credit card receivables securitization from its Chase Issuance Trust, according to a deal prospectus filed with the US Securities and Exchange Commission.
According to the document the Class A (2013-8) notes have the potential to increase in size up to $1 billion.
JP Morgan, Credit Suisse and RBC Capital Markets are lead managers on the deal.
The note issuance is an asset-backed securities transaction backed by credit card receivables generated by revolving credit card accounts owned by Chase Bank USA N.A. or one of its affiliates.
Chase was last in the market in September with a $775 million transaction.