UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 20, 2019
Commission File Number of issuing entity:333-218098-01
Central Index Key Number of issuing entity: 0001174821
CHASE ISSUANCE TRUST
(Issuing Entity of the Notes)
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation or organization)
Chase Issuance Trust
c/o Chase Card Funding LLC
201 North Walnut Street
Wilmington, Delaware 19801
(Address of principal executive offices)
Commission File Number of depositor:333-218098
Central Index Key Number of depositor: 0001658982
CHASE CARD FUNDING LLC
(Exact name of depositor as specified in its charter)
Delaware
(State or other jurisdiction of incorporation or organization)
Chase Card Funding LLC
201 North Walnut Street
Wilmington, Delaware 19801
(Address of principal executive offices)
(302)282-6545
(Telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Central Index Key Number of sponsor: 0000869090
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
(Exact name of sponsor as specified in its charter)
United States
(State or other jurisdiction of incorporation or organization)
JPMorgan Chase Bank, National Association
383 Madison Avenue
New York, New York 10179
(Address of principal executive offices)
N.A.
(I.R.S. Employer Identification No. of the issuing entity)
N.A.
(I.R.S. Employer Identification No. of the depositor)
22-2382028
(I.R.S. Employer Identification No. of the sponsor)
Check the appropriate box below if the Form8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule14a-12 under the Exchange Act (17 CFR240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule14d-2(b) under the Exchange Act (17 CFR240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule13e-4(c) under the Exchange Act (17 CFR240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:None
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule12b-2 of the Securities Exchange Act of 1934(§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Section 8 – Other Events
Item 8.01 Other Events.
Pursuant to an Agreement and Plan of Merger, dated as of January 24, 2019, by and among the JPMorgan Chase Bank, National Association, a national banking association (“JPMorgan Chase Bank”), and Chase Bank USA, National Association, a national banking association (“Chase USA”), Chase USA merged with and into JPMorgan Chase Bank on May 18, 2019 (the “Merger Date”), with JPMorgan Chase Bank as the surviving entity (the “Merger”). The Merger was announced in a press release of JPMorgan Chase & Co. included as Exhibit 99 to the registrants’ Current Report onForm 8-K filed on December 4, 2018.
Pursuant to the Assignment and Assumption Agreement (RPA), dated May 17, 2019 (the “Assignment and Assumption Agreement (RPA)”), between Chase USA and JPMorgan Chase Bank, Chase USA assigned to JPMorgan Chase Bank, and JPMorgan Chase Bank assumed and agreed to perform, all covenants and obligations of Chase USA and JPMorgan Chase Bank accepted the benefit of all rights granted to Chase USA under the Receivables Purchase Agreement, dated as of January 20, 2016 (as amended, the “Receivables Purchase Agreement”), between Chase USA and Chase Card Funding LLC, a Delaware limited liability company (“Chase Card Funding”). The Assignment and Assumption Agreement (RPA) is being filed as Exhibit 10.1 to this Current Report on Form8-K.
Pursuant to the Assignment and Assumption Agreement (TSA), dated May 17, 2019 (the “Assignment and Assumption Agreement (TSA)” and together with the Assignment and Assumption Agreement (RPA), the “Assignment and Assumption Agreements”), between Chase USA and JPMorgan Chase Bank, Chase USA assigned to JPMorgan Chase Bank, and JPMorgan Chase Bank assumed and agreed to perform, all covenants and obligations of Chase USA as servicer, account owner and administrator and JPMorgan Chase Bank accepted the benefit of all rights granted to the servicer, account owner and administrator under the Fourth Amended and Restated Transfer and Servicing Agreement, dated as of January 20, 2016 (as amended, the “Transfer and Servicing Agreement”), among Chase USA, as servicer, account owner and administrator, Chase Card Funding, as transferor, Chase Issuance Trust, a Delaware statutory trust (“CHAIT”), as issuing entity, and Wells Fargo Bank, National Association, a national banking association, as indenture trustee and collateral agent and the other transaction documents relating to the CHAIT credit card securitization program to which Chase USA was a party. The Assignment and Assumption Agreement (TSA) is being filed as Exhibit 10.2 to this Current Report on Form8-K.
Effective as of the Merger Date, and pursuant to the Assignment and Assumption Agreements, JPMorgan Chase Bank has succeeded Chase USA as (i) sponsor, originator, administrator and servicer of CHAIT, the issuing entity of the CHASEseries notes and (ii) sole member of Chase Card Funding, and the depositor and transferor with respect to CHAIT.
Section 9 – Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CHASE CARD FUNDING LLC | ||
| as Depositor of the Chase Issuance Trust | ||
| By: | /s/ Simon Braeutigam | |
| Name: Simon Braeutigam | ||
| Title: Chief Executive Officer | ||
Date: May 20, 2019
