**
 

 

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

 

 

**FORM 10-K**

 

 

 
****☒********
**ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**For the Fiscal Year Ended December 31, 2018**

 
****☐********
**TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

 

 

**Commission File Number of issuing entity: 333-218098-01**

**Central Index Key Number of issuing entity: 0001174821**

**CHASE ISSUANCE TRUST**

**(Exact name of issuing entity as specified in its charter)**

**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)**

**Central Index Key Number of sponsor: 0000869090**

**CHASE BANK USA, NATIONAL ASSOCIATION**

**(Exact name of sponsor as specified in its charter)**

 

 

**Delaware**

**(State or other jurisdiction of incorporation or organization of the issuing entity)**

**N.A.**

**(I.R.S. EmployerIdentification 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)**

 

 

 

**CHASE ISSUANCE TRUST**

**c/o Chase Card Funding LLC**

**201 North Walnut Street**

**Wilmington, Delaware**
 **19801****(Address of principal executive offices of the issuing entities)** **(Zip Code)**
**(302) 202-6545**

**(Telephone number, including area code)**

**Securities registered pursuant to Section 12(b) of the Act: NONE**

**Securities registered pursuant to Section 12(g) of the Act: NONE**

 

 

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the SecuritiesAct.    Yes  ☐    No  ☒ 

Indicate by check mark if the registrantis not required to file reports pursuant to Section 13 or Section 15(d) of the Act.    Yes  ☐    No  ☒ 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90days.    Yes  ☒    No  ☐ 

Indicate by check mark whether theregistrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for suchshorter period that the registrant was required to submit such files).    Yes  ☐    No  ☐****

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K(§ 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.  ☒****

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, anon-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. 

 
Large accelerated filer ☐  Accelerated filer ☐Non-accelerated filer ☒  Smaller reporting company ☐   Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of theAct).    Yes  ☐    No  ☒ 

State the aggregate market value of thevoting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and askedprice of such common equity, as of the last business day of the registrant’s most recently completed second fiscal quarter. 

Theregistrant had no voting or non-voting common equity outstanding as of the last business day of the registrant’s most recently completed second fiscal quarter or the date of this report. 

**DOCUMENTS INCORPORATED BY REFERENCE**

None 

 

 

 
**

**PART I**

**The following Items have been omitted in accordance with General Instruction J to Form 10-K:**

 
Item 1.  Business.Item 1A.      Risk Factors.Item 2.  Properties.Item 3.  Legal Proceedings.
**Item 1B. Unresolved Staff Comments.**

Not Applicable. 

**Item 4. Mine SafetyDisclosures.**

Not Applicable. 

**Substitute information provided in accordance with General Instruction J to Form 10-K:**

**Item 1112(b) of Regulation AB. Significant Obligors of Pool Assets (Financial Information).**

None of the pool assets held by the Chase Issuance Trust include any significant obligors. 

**Item 1114(b)(2) of Regulation AB: Credit Enhancement and Other Support, Except for Certain Derivatives Instruments (Financial Information).**

Not Applicable. 

**Item 1115(b) ofRegulation AB: Certain Derivatives Instruments (Financial Information).**

Not Applicable. 

**Item 1117 of Regulation AB: Legal Proceedings.**

***Litigation Regarding Chase Bank USA, National Association***

A number of lawsuits seeking class action certification have been filed in both state and federal courts against Chase Bank USA, NationalAssociation (“Chase USA”). These lawsuits challenge certain policies and practices of Chase USA’s credit card business. A few of these lawsuits have been conditionally certified as class actions. Chase USA has defended itself againstclaims in the past and intends to continue to do so in the future. While it is impossible to predict the outcome of any of these lawsuits, Chase USA believes that any liability that might result from any of these lawsuits will not have a materialadverse effect on the credit card receivables. 

In July 2015, Chase USA and Chase BankCard Services, Inc. entered into a consent orderwith the Consumer Financial Protection Bureau (“CFPB”) regarding practices involving credit card collections litigation, including with respect to sworn documents, and the sale of consumer credit card debt. Chase USA and Chase BankCardServices, Inc. have implemented the requirements of the CFPB consent order. Chase USA does not expect that the CFPB consent order has adversely affected the payment of principal or interest by the issuing entity on the offered notes. 

 
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***Industry Litigation***

On June 22, 2005, merchants filed a putative class action complaint in the U.S. District Court for the District of Connecticut. Thecomplaint alleged that VISA, MasterCard and certain member banks including Bank of America, Chase USA, Capital One, Citibank and others, conspired to set the price of interchange in violation of Section 1 of the Sherman Act. The complaintfurther alleged tying/bundling and exclusive dealing. Since the filing of the Connecticut complaint, other complaints were filed in different U.S. District Courts challenging the setting of interchange, as well as the associations’ respectiverules. The Judicial Panel on Multidistrict Litigation consolidated the cases in the Eastern District of New York for pretrial proceedings. An amended consolidated complaint was filed on April 24, 2006 which added claims relating to off-line debit transactions. Defendants filed a motion to dismiss all claims that pre-date January 1, 2004. The District Court for the Eastern District of New Yorkgranted that motion and those claims were dismissed. 

Plaintiffs filed a first supplemental complaint in May 2006 alleging that theMasterCard offering violated Section 7 of the Clayton Act and Section 1 of the Sherman Act and that the offering was a fraudulent conveyance. 

In January 2009, the plaintiffs filed and served a Second Amended Consolidated Class Action Complaint against all defendants and anamended supplemental complaint challenging the MasterCard initial public offering (“IPO”) making antitrust claims similar to those that were dismissed previously. With respect to the Visa IPO, the plaintiffs filed a supplemental complaintchallenging the Visa IPO on antitrust theories parallel to those articulated in the MasterCard IPO pleading. 

On March 31, 2009,defendants filed a motion to dismiss the Second Amended Consolidated Class Action Complaint. Separate motions to dismiss each of the supplemental complaints challenging the MasterCard and Visa IPOs were also filed. Plaintiffs and defendantsalso fully briefed and argued their motions for summary judgment. None of these motions have been decided. 

In October 2012, Visa, Inc.,its wholly owned subsidiaries Visa U.S.A. Inc. and Visa International Service Association, MasterCard Incorporated, MasterCard International Incorporated and various United States financial institution defendants, including Chase USA and several ofits affiliates and certain predecessor institutions, entered into a settlement agreement (the “Settlement Agreement”) to resolve the United States merchant and retail industry association plaintiffs’ (the“Class Plaintiffs”) claims in the multi-district litigation. On November 27, 2012, the District Court for the Eastern District of New York entered an order preliminarily approving the Settlement Agreement, which provided, amongother things, for a $6.05 billion cash payment to the Class Plaintiffs and an amount equal to ten basis points of interchange for a period of eight months to be measured from a date within sixty days of the end of the opt-out period. The Settlement Agreement also provided for modifications to each of the network’s no-surcharge rules, which were effective as of January 27, 2013.

On April 11, 2013, Class Plaintiffs moved for final approval of the settlement. On September 12, 2013, the District Courtfor the Eastern District of New York held the final approval hearing. On January 14, 2014, the District Court for the Eastern District of New York rendered its final order and judgment approving the settlement. A number of entities includingretailers and objecting trade associations appealed to the U.S. Court of Appeals for the Second Circuit, which, in June 2016, vacated the District Court for the Eastern District of New York’s certification of the class action and reversed theapproval of the class settlement. In March 2017, the U.S. Supreme Court declined petitions seeking review of the decision of the U.S. Court of Appeals for the Second Circuit. The case has been remanded to the District Court for the Eastern Districtof New York for further proceedings consistent with the appellate decision. The District Court for the Eastern District of New York has since appointed separate counsel for Class Plaintiffs and divided the class action into two separateactions, with one seeking 

 
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damages and one seeking injunctive relief. Class Plaintiffs, as well as other merchants, recently filed motions seeking to amend their complaints, which motions the defendants opposed. InSeptember 2018, the parties to the class action seeking monetary relief finalized an agreement which amends and supersedes the prior settlement agreement. On January 24, 2019, the District Court for the Eastern District of New York grantedpreliminary approval of the amended settlement agreement. This settlement provides for the defendants to contribute an additional $900 million to the approximately $5.3 billion currently held in escrow from the original settlement. Theclass action seeking primarily injunctive relief continues separately. 

***Litigation Regarding Wells Fargo Bank, National Association***

Since June 18, 2014, a group of institutional investors have filed civil complaints in the Supreme Court of the State of NewYork, New York County, and later the U.S. District Court for the Southern District of New York against Wells Fargo Bank, National Association (“Wells Fargo Bank”) in its capacity as trustee for certain residential mortgage backedsecurities (“RMBS”) trusts. 

The complaints against Wells Fargo Bank alleged that the trustee caused losses to investors andasserted causes of action based upon, among other things, the trustee’s alleged failure to: (i) notify and enforce repurchase obligations of mortgage loan sellers for purported breaches of representations and warranties, (ii) notifyinvestors of alleged events of default, and (iii) abide by appropriate standards of care following alleged events of default. Relief sought included money damages in an unspecified amount, reimbursement of expenses, and equitable relief. WellsFargo Bank has reached an agreement, in which it denies any wrongdoing, to resolve these claims on a classwide basis for the 271 RMBS trusts currently at issue. The settlement agreement is subject to court approval. Separate lawsuits against WellsFargo Bank making similar allegations filed by certain other institutional investors concerning 57 RMBS trusts in New York federal and state court are not covered by the agreement. 

With respect to the foregoing litigations, Wells Fargo Bank believes plaintiffs’ claims are without merit and intends to contest theclaims vigorously, but there can be no assurances as to the outcome of the litigations or the possible impact of the litigations on Wells Fargo Bank or the RMBS trusts. 

 
4 

**PART II**

**The following Items have been omitted in accordance with General Instruction J to Form 10-K:**

 
Item 5.  Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.Item 6.  Selected Financial Data.Item 7.  Management’s Discussion and Analysis of Financial Condition and Results of Operations.Item 7A.      Quantitative and Qualitative Disclosures About Market Risk.Item 8.  Financial Statements and Supplementary Data.Item 9.  Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.Item 9A.  Controls and Procedures.
**Item 9B. Other Information**

None 

**PART III**

**The following Items have been omitted in accordance with General Instruction J to Form 10-K:**

 
Item 10.  Directors, Executive Officers and Corporate Governance.Item 11.  Executive Compensation.Item 12.      Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.Item 13.  Certain Relationships and Related Transactions, and Director Independence.Item 14.  Principal Accounting Fees and Services.
**Substitute information provided in accordance with General Instruction J to Form 10-K:**

**Item 1119 of Regulation AB: Affiliations and Certain Relationships and Related Transactions.**

Information required by Item 1119 of Regulation AB has been omitted from this report on Form 10-K inreliance on the Instruction to Item 1119. 

**Item 1122 of Regulation AB: Compliance with Applicable Servicing Criteria.**

Each of Chase USA, as the servicer for each of the Chase Issuance Trust, and Wells Fargo Bank, National Association, as the indenture trusteefor the Chase Issuance Trust (each, a “Servicing Participant”) was a party participating in the servicing function during the reporting period with respect to the pool assets held by the respective trust. Each of the Servicing Participantshas completed a report on an assessment of compliance with the servicing criteria applicable to such Servicing Participant (each, a “Report on Assessment”) during the respective trust’s fiscal year ending December 31, 2018, whichReports on Assessment are attached as exhibits to this Form 10-K. In addition, each of the Servicing Participants has provided an attestation report (each, an “Attestation Report”) by a registeredindependent public accounting firm regarding its related Report on Assessment. Each Attestation Report is attached as an exhibit to this Form 10-K.

 
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The Servicer has determined that there have not been any material instances of noncompliancereported in any assessment that involved the servicing of any of the assets backing the asset-backed securities for which this report on Form 10-K is being filed. 

**Item 1123 of Regulation AB: Servicer Compliance Statement.**

Chase USA is the servicer and has provided a statement of compliance (a “Compliance Statement”) for the period from and includingJanuary 1, 2018 through and including December 31, 2018 for the Chase Issuance Trust. The Compliance Statement has been signed by an authorized officer of the servicer for the issuing entity and is attached as an exhibit to this Form 10-K.

 
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**PART IV**

**Item 15. Exhibits, Financial Statement Schedules.**

(a)(1) Not Applicable. 

(a)(2) Not Applicable. 

(a)(3) See Item 15(b) below. 

(b) Exhibits Required by Item 601of Regulation S-K

 

Exhibit Number
  
Description
  3.1  Articles of Association of Chase Bank USA, National Association, amended and restated as of April 19, 2016.   3.2  Composite By-laws of Chase Bank USA, National Association, dated January 16, 2018 (included in Exhibit 3.2 to registrant’s Form 10-K, as filed with the Securities and Exchange Commission on March 29, 2018, which is incorporated herein by reference).   4.1  Fourth Amended and Restated Transfer and Servicing Agreement, dated as of January 20, 2016, by and among Chase Bank USA, National Association, Chase Card Funding LLC, Chase Issuance Trust and Wells Fargo Bank, National Association (included in Exhibit 4.5 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on January 22, 2016, which is incorporated herein by reference).  4.2  Fourth Amended and Restated Indenture, dated as of January 20, 2016, by and between Chase Issuance Trust and Wells Fargo Bank, National Association (included in Exhibit 4.1 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on January 22, 2016, which is incorporated herein by reference).   4.3  Third Amended and Restated Asset Pool One Supplement, dated as of January 20, 2016, by and between Chase Issuance Trust and Wells Fargo Bank, National Association (included in Exhibit 4.2 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on January 22, 2016, which is incorporated herein by reference).   4.4  Second Amended and Restated Indenture Supplement, dated as of January 20, 2016, by and between Chase Issuance Trust and Wells Fargo Bank, National Association (included in Exhibit 4.3 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on January 22, 2016, which is incorporated herein by reference).   4.5  Fourth Amended and Restated Trust Agreement, dated as of January 20, 2016, by and between Chase Card Funding LLC and Wilmington Trust Company (included in Exhibit 4.6 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on January 22, 2016, which is incorporated herein by reference). 
 
7 

  4.6  Assignment and Assumption Agreement, dated as of January 20, 2016, by and between Chase Bank USA, National Association and Chase Card Funding LLC (included in Exhibit 4.12 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on January 22, 2016, which is incorporated herein by reference).   4.7  Receivables Purchase Agreement, dated as of January 20, 2016, by and between Chase Bank USA, National Association and Chase Card Funding LLC (included in Exhibit 4.4 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on January 22, 2016, which is incorporated herein by reference).  4.8  Second Amended and Restated Limited Liability Agreement of Chase Card Funding LLC, dated as of January 20, 2016, by Chase Bank USA, National Association (included in Exhibit 3.2 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on January 22, 2016, which is incorporated herein by reference).  4.9  Amended and Restated Asset Representations Review Agreement, dated as of April 29, 2016, between Chase Bank USA, National Association and FTI Consulting, Inc. (included in Exhibit 4.7 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on May 2, 2016, which is incorporated herein by reference).  4.10.1  Class A(2012-4) Terms Document, dated as of July 26, 2012 (included in Exhibit 4.1 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on July 26, 2012, which is incorporated herein by reference).   4.10.2  Class A(2012-7) Terms Document, dated as of October 9, 2012 (included in Exhibit 4.1 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on October 9, 2012, which is incorporated herein by reference).   4.10.3  Class A(2013-1) Terms Document, dated as of February 21, 2013 (included in Exhibit 4.1 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on February 21, 2013, which is incorporated herein by reference).   4.10.4  Class A(2013-3) Terms Document, dated as of April 19, 2013 (included in Exhibit 4.1 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on April 19, 2013, which is incorporated herein byreference).
 
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  4.10.5  Class A(2013-6) Terms Document, dated as of July 25, 2013 (included in Exhibit 4.1 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on July 25, 2013, which is incorporated herein by reference).   4.10.6  Class A(2013-7) Terms Document, dated as of September 30, 2013 (included in Exhibit 4.1 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on September 30, 2013, which is incorporated herein by reference).   4.10.7  Class A(2013-9) Terms Document, dated as of December 13, 2013 (included in Exhibit 4.1 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on December 13, 2013, which is incorporated herein by reference).   4.10.8  Class A(2014-2) Terms Document, dated as of April 2, 2014 (included in Exhibit 4.1 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on April 2, 2014, which is incorporated herein by reference).   4.10.9  Class A(2014-5) Terms Document, dated as of May 14, 2014 (included in Exhibit 4.1 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on May 14, 2014, which is incorporated herein by reference).   4.10.10  Class A(2015-1) Terms Document, dated as of March 13, 2015 (included in Exhibit 4.1 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on March 13, 2015, which is incorporated herein by reference).  4.10.11  Class A(2015-2) Terms Document, dated as of March 13, 2015 (included in Exhibit 4.1 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on March 13, 2015, which is incorporated herein by reference).   4.10.12  Supplemental Indenture with respect to Additional Class A(2015-2) Notes, dated as of March 24, 2015 (included in Exhibit 4.1 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on March 24, 2015, which is incorporated herein by reference).   4.10.13  Class A(2015-4) Terms Document, dated as of May 1, 2015 (included in Exhibit 4.1 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on May 1, 2015, which is incorporated herein by reference).  4.10.14  Class A(2015-5) Terms Document, dated as of May 6, 2015 (included in Exhibit 4.1 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on May 6, 2015, which is incorporated herein by reference).
 
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  4.10.15  Class A(2015-7) Terms Document, dated as of July 29, 2015 (included in Exhibit 4.1 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on July 29, 2015, which is incorporated herein by reference).   4.10.16  Class A(2016-1) Terms Document, dated as of May 19, 2016 (included in Exhibit 4.1 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on May 19, 2016, which is incorporated herein by reference).   4.10.17  Class A(2016-2) Terms Document, dated as of June 17, 2016 (included in Exhibit 4.1 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on June 17, 2016, which is incorporated herein by reference).   4.10.18  Class A(2016-3) Terms Document, dated as of June 23, 2016 (included in Exhibit 4.1 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on June 23, 2016, which is incorporated herein by reference).   4.10.19  Class A(2016-4) Terms Document, dated as of July 27, 2016 (included in Exhibit 4.1 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on July 27, 2016, which is incorporated herein by reference).   4.10.20  Class A(2016-5) Terms Document, dated as of August 11, 2016 (included in Exhibit 4.1 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on August 11, 2016, which is incorporated herein by reference).   4.10.21  Class A(2016-6) Terms Document, dated as of August 19, 2016 (included in Exhibit 4.1 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on August 19, 2016, which is incorporated herein by reference).   4.10.22  Class A(2017-1) Terms Document, dated as of February 6, 2017 (included in Exhibit 4.1 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on February 7, 2017, which is incorporated herein by reference).   4.10.23  Class A(2017-2) Terms Document, dated as of March 15, 2017 (included in Exhibit 4.1 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on March 16, 2017, which is incorporated herein by reference).
 
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  4.10.24  Class A(2018-1) Terms Document, dated as of May 10, 2018 (included in Exhibit 4.1 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on May 11, 2018, which is incorporated herein by reference).   4.10.25  Class B(2013-1) Terms Document, dated as of December 12, 2013 (included in Exhibit 4.1 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on December 12, 2013, which is incorporated herein by reference).   4.10.26  Class B(2015-1) Terms Document, dated as of April 22, 2015 (included in Exhibit 4.1 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on April 22, 2015, which is incorporated herein by reference).   4.10.27  Class B(2017-1) Terms Document, dated as of August 10, 2017 (included in Exhibit 4.1 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on August 11, 2017, which is incorporated herein by reference).  4.10.28  Class C(2013-1) Terms Document, dated as of December 12, 2013 (included in Exhibit 4.1 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on December 12, 2013, which is incorporated herein by reference).   4.10.29  Class C(2015-1) Terms Document, dated as of April 22, 2015 (included in Exhibit 4.2 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on April 22, 2015, which is incorporated herein by reference).   4.10.30  Class C(2017-1) Terms Document, dated as of August 10, 2017 (included in Exhibit 4.1 to registrant’s Form 8-K, as filed with the Securities and Exchange Commission on August 11, 2017, which is incorporated herein by reference). 10.1  Omnibus Addendum, dated as of July 7, 2005 (included in Exhibit 10.1 to registrant’s Form 8-K, filed with the Securities and Exchange Commission on July 8, 2005, which is incorporated herein by reference). 10.2  Omnibus Addendum, dated as of December 15, 2008 (included in Exhibit 10.1 to registrant’s Form 8-K, filed with the Securities and Exchange Commission on December 16, 2008, which is incorporated herein by reference). 31.1  Rule 13a-14(d)/15d-14(d) Certification (Section 302 Certification). 33.1  Report on Assessment of Compliance with Servicing Criteria concerning servicing activities of Chase USA. 
 
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33.2  Report on Assessment of Compliance with Servicing Criteria concerning servicing activities of Wells Fargo Bank, National Association. 34.1  Independent Accountants’ Attestation Report concerning servicing activities of Chase USA. 34.2  Independent Accountants’ Attestation Report concerning servicing activities of Wells Fargo Bank, National Association. 35.1  Servicer Compliance Statement of Chase USA as servicer for the Chase Issuance Trust. 
 
(c)
Not applicable 

**Item 16. Form 10–K Summary.**

Not applicable.

 
12 

**SIGNATURES**

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed onits behalf by the undersigned, thereunto duly authorized. 

 
  
**CHASE ISSUANCE TRUST**

(Issuing entity)
Date: March 29, 2019  By: 
**CHASE CARD FUNDING LLC,**

as Depositor
   /s/ Simon Braeutigam   Name: Simon Braeutigam   Title: Chief Executive Officer   (senior officer of Chase Card Funding LLC in charge of securitization)