Third wheels

Category: Capital Relief Trades ABS


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JPMorgan takes to the road again with another auto-linked credit note

JP Morgan Chase is to issue its third auto loan-linked CRT transaction in the last eight months, designated Chase Auto Credit-Linked Notes Series 2021-1, in another indication of the growth of the CRT market in the US.

The note references 161,885 reference obligations for a notional amount of $3.98bn.

The pool is composed of high quality credits, as is common for US CRT trades.

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