Chase Bank USA Issues $1.5 Billion in Credit Card Asset-Backed Notes

Skadden is representing Chase Bank USA, National Association as sponsor of its credit card securitization vehicle, the Chase Issuance Trust, in connection with the public issuance of $1.525 billion of credit card asset-backed notes. The June 22 offering is being made outside of the Federal Reserve Bank of New York's Term Asset-Backed Securities Loan Facility.