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EXHIBIT 1.2
DISCOVER CARD MASTER TRUST I
CREDIT CARD PASS-THROUGH CERTIFICATES
TERMS AGREEMENT
Dated: December 7, 1999
To: Greenwood Trust Company, as Seller under the Pooling and Servicing
Agreement, as amended, dated as of October 1, 1993.
Re: Underwriting Agreement dated January 29, 1999
Title: Discover Card Master Trust I, Series 1999-6, Credit Card Pass-Through
Certificates, Class A and Class B.
Initial Principal Amount of Certificates: $789,474,000
Series and Class Designation Schedule: Discover Card Master Trust I, Series
1999-6 $750,000,000 6.85% Class A Credit Card Pass-Through Certificates
Discover Card Master Trust I, Series 1999-6 $39,474,000 7.10% Class B Credit
Card Pass-Through Certificates
Series Cut-Off Date: December 1, 1999
Certificate Rating: Moody's Investors Standard & Poor's
Service, Inc. Ratings Services
Class A Aaa AAA
Class B A2 A
Aggregate outstanding balance of Principal Receivables as of December 1, 1999:
$27,916,715,840.16.
Date of Series Supplement: December 14, 1999.
Certificate Rate: Class A: 6.85% per annum; and Class B: 7.10% per annum
Terms of Sale: The purchase price for the Certificates to the Underwriters will
be 99.6430% of the aggregate principal amount of the Class A Certificates and
99.7078% of the aggregate principal amount of the Class B Certificates as of
December 14, 1999. The Underwriters will offer the Certificates to the public at
a price equal to 99.8930% of the aggregate principal amount of the Class A
Certificates and 99.9828% of the aggregate principal amount of the Class B
Certificates.
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Time of Delivery: 9:00 A.M., Chicago, Illinois Time, on December 14, 1999, or at
such other time as may be agreed upon in writing.
Notwithstanding anything in the Agreement or in this Terms Agreement to
the contrary, the Agreement and this Terms Agreement constitute the entire
agreement and understanding among the parties hereto with respect to the
purchase and sale of the Series 1999-6 Certificates. This Terms Agreement may be
amended only by written agreement of the parties hereto.
Very truly yours,
XXXXXX XXXXXXX & CO. INCORPORATED
As Representative of the
Underwriters named in
Schedule I hereto
By: /s/ J. Xxxxxxx Xxx Xxxx
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Accepted:
GREENWOOD TRUST COMPANY
By: /s/ Xxxx X. Xxxxx
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SCHEDULE I
UNDERWRITERS
$750,000,000 6.85% Class A Credit Card Pass-Through Certificates, Series 1999-6
Principal Amount
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Xxxxxx Xxxxxxx & Co. Incorporated $295,835,000
Banc of America Securities LLC $90,833,000
Banc One Capital Markets, Inc. $90,833,000
Barclays Capital Inc. $90,833,000
Commerzbank Capital Markets Corp. $90,833,000
Dresdner Kleinwort Xxxxxx North America LLC $90,833,000
Total $750,000,000
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$39,474,000 7.10% Class B Credit Card Pass-Through Certificates, Series 1999-6
Principal Amount
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Xxxxxx Xxxxxxx & Co. Incorporated $39,474,000
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