Chase returns with first auto securitization since 2006

Jennifer Kang

August 24, 2020 08:30 PM

Car 575 375 — (200509) -- SOUTHAMPTON, May 9, 2020 (Xinhua) -- Photo taken on May 8, 2020 shows new vehicles for sale stored at Southampton Dock in Southampton, Britain. New car registration in Britain plunged by 97.3 percent in April, hitting a record low in decades as the nation was in lockdown for the entire month to tackle the novel coronavirus, according to a report released Tuesday. With showrooms closed and car buyers housebound, just 4,321 new cars were registered in the month, merely above the 4,044 units sold in February 1946, said the Society of Motor Manufacturers and Traders (SMMT) in the report. (Photo by Tim Ireland/Xinhua) | unreguser/Xinhua News Agency/PA Images

JP Morgan Chase is preparing a $1.8bn credit-linked note ABS that includes $200m of investment grade notes, aimed at transferring risk on a pool of auto loans to securitization investors.

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ABS Securitization United States Americas North America

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Jennifer Kang