Chase Issuance Trust closes $1.5B credit-card receivables securitization

CHASE ISSUANCE TRUST

Issued $750M Class B(2025-1) and $750M Class C(2025-1) notes on May 22, 2025.
Total securitized receivables of $1.5B; seller's interest retained at $3.9B (46.72%).
Notes are unregistered, held initially by Chase Card Funding LLC; JPMorgan Chase Bank services the receivables.

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