J.P. Morgan Chase & Co. Issues $2.775 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 $2.775 billion of credit card asset-backed notes. The September 16, 2009 offering is being made outside of the Federal Reserve Bank of New York's Term Asset-Backed Securities Loan Facility and is scheduled to close on September 23.

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