Chase plans to issue up to $1 billion of notes backed by credit card receivables, according to a regulatory filing.

The class A (2013-7) notes, which mature in September 2018, will be issued from its Chase Issuance Trust.

J.P. Morgan, Barclays and RBC Capital Markets are the underwriters.

The offering is initially sized at $500 million but may be increased to as much as $1 billion. If $500 million are issued, the total amount of class A notes outstanding would rise to $23.92 billion.

The previous issuance of $900 million of five-year class A(2013-6) notes in July was priced at 42 basis points over one-month Libor.

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