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EXHIBIT 1.2
DISCOVER CARD MASTER TRUST I
CREDIT CARD PASS-THROUGH CERTIFICATES
TERMS AGREEMENT
Dated: April 20, 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 1999-4, Credit Card Pass-Through
Certificates, Class A and Class B.
Initial Principal Amount of Certificates: $894,737,000
Series and Class Designation Schedule: Discover Card Master Trust I, Series
1999-4 $850,000,000 5.65% Class
A Credit Card Pass-Through Certificates
Discover Card Master Trust I, Series 1999-4 $44,737,000 5.85% Class B Credit
Card Pass-Through Certificates
Series Cut-Off Date: April 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 April 1, 1999:
$26,680,777,126.04.
Date of Series Supplement: April 27, 1999.
Certificate Rate: Class A: 5.65% per annum; and Class B: 5.85% per annum
Terms of Sale: The purchase price for the Certificates to the Underwriters will
be 99.728125% of the aggregate principal amount of the Class A Certificates and
99.625000% of the aggregate principal amount of the Class B Certificates as of
April 27, 1999. The Underwriters will offer the Certificates to the public at a
price equal to 99.953125% of the aggregate principal amount of the Class A
Certificates and 99.875000% of the aggregate principal amount of the Class B
Certificates.
Time of Delivery: 9:00 A.M., Chicago, Illinois Time, on April 27, 1999, or at
such other time as may be agreed upon in writing.
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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 1999-4 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/ Xxxx Xxx Xxxx
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Accepted:
GREENWOOD TRUST COMPANY
By: /s/ Xxxx X. Xxxxx
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SCHEDULE I
UNDERWRITERS
$850,000,000 5.65% Class A Credit Card Pass-Through Certificates, Series 1999-4
Percentage
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Xxxxxx Xxxxxxx & Co. Incorporated 20%
ABN AMRO Incorporated 20%
Barclays Capital Inc. 20%
Paribas 20%
XX Xxxxx Securities Corporation 20%
$44,737,000 5.85% Class B Credit Card Pass-Through Certificates, Series 1999-4
Percentage
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Xxxxxx Xxxxxxx & Co. Incorporated 100%
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