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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report: December 15, 1999
CHASE CREDIT CARD OWNER TRUST 1999-3
(formerly known as "Chemical Master Credit Card Trust I")
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(Issuer of Securities)
CHASE MANHATTAN BANK, USA, NATIONAL ASSOCIATION
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(Exact name of registrant as specified in its charter)
United States 333-74303 22-2382028
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
802 Delaware Avenue, Wilmington, DE 19801
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (302) 575-5050
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Item 5. Other Events:
Chase Credit Card Owner Trust 1999-3 is the issuer of three classes of
asset backed notes. The notes were issued under an indenture, dated as of
September 1, 1999, between the trust and The Bank of New York, as Indenture
Trustee.
On December 15, 1999, The Chase Manhattan Bank, as Paying Agent,
distributed monthly interest to the holders of the notes, and provided to
holders a report including the information required by Section 7.3 of the
Indenture. A copy of the statement provided to the holders of the notes is being
filed as Exhibit 20.1 to this Current Report on Form 8-K.
Item 7(c). Exhibits
Exhibits Description
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20.1 Monthly Statement to Noteholders with respect to
the December 15, 1999 distribution.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: December 23, 1999
By: THE CHASE MANHATTAN BANK,
USA, NATIONAL ASSOCIATION
as Administrator
By: /s/ Patricia Garvey
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Name: Patricia Garvey
Title: Vice President
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INDEX TO EXHIBITS
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Exhibit No. Description
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20.1 Statement to Noteholders dated 12/15/1999
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Chase Manhattan Bank USA, N.A.
Noteholders Statement
Chase Credit Card Owner Trust 1999-3
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<CAPTION>
Section 7.3 Indenture Distribution Date: 12/15/99
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<S> <C>
(i) Amount of the distribution allocable to principal of the Notes
Class A Principal Payment 0.00
Class B Principal Payment 0.00
Class C Principal Payment 0.00
Total
Amount of the distribution allocable to the principal on the Notes per
$1,000 of the initial principal balance of the Notes
Class A Principal Payment 0.00
Class B Principal Payment 0.00
Class C Principal Payment 0.00
Total
(ii) Amount of the distribution allocable to the interest on the Notes
Class A Note Interest Requirement 4,717,500.00
Class B Note Interest Requirement 279,708.54
Class C Note Interest Requirement 359,345.55
Total 5,356,554.09
Amount of the distribution allocable to the interest on the Notes per
$1,000 of the initial principal balance of the Notes
Class A Note Interest Requirement 5.55000
Class B Note Interest Requirement 5.79167
Class C Note Interest Requirement 5.31458
(iii) Aggregate Outstanding Principal Balance of the Notes
Class A Note Principal Balance 850,000,000
Class B Note Principal Balance 48,295,000
Class C Note Principal Balance 67,615,000
(iv) Amount on deposit in Owner Trust Spread Account 14,488,650.00
(v) Required Owner Trust Spread Account Amount 14,488,650.00
By:
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Name: Patricia M. Garvey
Title: Vice President
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