CHASE ISSUANCE TRUST 8-K

What Happened

• Chase Issuance Trust announced plans to issue $1,250,000,000 of Class A(2026-1) CHASEseries Notes. On May 21, 2026 the Issuing Entity, Chase Card Funding LLC (depositor/transferor/beneficiary) and JPMorgan Chase Bank, N.A. (sponsor/servicer/administrator) entered into an Underwriting Agreement and a Class A(2026-1) Terms Agreement with J.P. Morgan Securities LLC as underwriter and representative.
• The Issuing Entity filed a preliminary prospectus under Rule 424(h) on May 18, 2026. A tax opinion from Alston & Bird LLP and a Depositor Certification for the offering were delivered and dated May 21, 2026. The issuance is expected to be created and close on or about May 28, 2026, at which time the Issuing Entity and Computershare Trust Company, N.A. (indenture trustee) will enter the Terms Document to create the notes.

Key Details

• Offer size: $1,250,000,000 of Class A(2026-1) CHASEseries Notes.
• Key dates: preliminary prospectus filed May 18, 2026; Underwriting and Terms Agreements dated May 21, 2026; expected Closing Date on or about May 28, 2026.
• Parties: Issuing Entity — Chase Issuance Trust; depositor — Chase Card Funding LLC; sponsor/servicer/administrator — JPMorgan Chase Bank, N.A.; underwriter — J.P. Morgan Securities LLC; indenture trustee — Computershare Trust Company, N.A.
• Documents: Underwriting Agreement and Terms Agreement executed and filed; tax opinion (Alston & Bird LLP) and Depositor Certification delivered and filed.

Why It Matters

• This 8-K reports a planned asset-backed note offering that will raise $1.25 billion of Class A CHASEseries notes. For investors, this is not an equity event but a debt/asset-backed securities issuance — review the prospectus, tax opinion and offering documents to understand the structure, collateral, credit enhancement, interest terms, and risks before considering investment.