NEW YORK -- First USA Inc. said it has priced a $1.25 billion securitization of credit card receivables in First USA Credit Card Master Trust.

The parent of Delaware-based First USA bank said interest will accrue initially on Series 1993-2, $500 million of floating rate asset backed certificates with a three-year average life, at 3.3375; and on Series 1993-3, $750 million of float rate asset backed certificates with a five-year average life, at 3.4357%.

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