JPMorgan Chase is issuing its third credit-card securitization of the year – and the second this month – through its Chase Issuance Trust (CHAIT) platform of CHASEseries notes.

The new deal is structured, similarly to 2016’s previous deals, as a $500 million offering of floating rate notes. Credit enhancement on the seven-year notes is set at 14%.

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.