Capital One Multi-asset Execution Trust will issue its cardseries class A(2016-3) asset-backed notes.
The notes have an initial principal amount of $1.35 billionwith an interest rate or formula of 1.34%. The price to public is 99.99930% plusany accrued interest at the applicable rate from July 26.
Interest will be paid on the 15th day of each calendar monthstarting August. Deutsche Bank Trust Co. Delaware is the owner trustee, andBank of New York Mellon is the indenture trustee.
The purchase price payable by the underwriters for the noteswill be 99.74930% of the principal amount of notes to be issued.
Barclays Capital Inc., Merrill Lynch Pierce Fenner &Smith Inc., Credit Suisse Securities (USA) LLC, Capital One Securities Inc.,Citigroup Global Markets Inc., RBC Capital Markets LLC and Drexel Hamilton LLCwere listed as underwriters for the issuance.
Capital OneFunding LLC is the depositor of Capital One Master Trust and Capital One Multi-assetExecution Trust.