JPMorgan Chase is securitizing its first batch of CHASEseries notes backed by credit card receivables this year in a $900 million single-class series transaction, according to a regulatory filing Monday.

The Chase Issuance Trust 2017-1 (CHAIT) includes only a single Class A notes, carrying an annual interest rate of Libor plus 30 basis points. The notes will carry the standard 14% credit enhancement level that has been included with CHASEseries issuances since 2009.  

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.