Filed Pursuant to Rule 433
Registration Nos. 333-218098 and 333-218098-01
Pricing Free Writing Prospectus, dated May 4, 2018
Chase Issuance Trust
Issuing Entity
Chase Card Funding LLC
Depositor and Transferor
Chase Bank USA, National Association
Sponsor, Originator, Administrator and Servicer
CHASEseries
Class A(2018-1)
Principal Amount: | $1,400,000,000 | |
Interest Rate: | One-month LIBOR plus 0.20% per annum | |
Pricing Date: | May 4, 2018 | |
Expected Issuance Date: | May 10, 2018 | |
First Interest Payment Date: | June 15, 2018 | |
Interest Payment Dates: | Monthly on the 15th (unless the 15th is not a business day, in which case it will be the next business day) | |
Scheduled Principal Payment Date: | April 15, 2021 | |
Legal Maturity Date: | April 17, 2023 | |
Price to Public: | $1,400,000,000 (or 100.00000%) | |
Underwriting Discount: | $3,150,000 (or 0.22500%) | |
Proceeds to the Issuing Entity: | $1,396,850,000 (or 99.77500%) | |
Selling Concessions: | 0.13500% | |
Reallowance: | 0.06750% | |
Weighted Average Life: | 2.93 years | |
ERISA Eligible: | Yes (subject to important considerations described in the prospectus) | |
Lead Underwriter: | J.P. Morgan Securities LLC | |
Co-Managers: | Barclays Capital Inc. RBC Capital Markets, LLC Wells Fargo Securities, LLC |
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the sponsor, the depositor, the issuing entity and this offering, including the preliminary prospectus, dated May 1, 2018. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the sponsor, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling (866) 669-7629 or by emailing the ABS Syndicate Desk at abs_synd@jpmorgan.com.