1
EXHIBIT 1.2
DISCOVER CARD MASTER TRUST I
CREDIT CARD PASS-THROUGH CERTIFICATES
TERMS AGREEMENT
Dated: February 25, 1998
To: Greenwood Trust Company, as Seller under the Pooling and Servicing
Agreement, as amended, dated as of October 1, 1993.
Re: Underwriting Agreement dated August 19, 1997
Title: Discover Card Master Trust I, Series 1998-2, Credit Card Pass-Through
Certificates, Class A and Class B.
Initial Principal Amount of Certificates: $526,316,000
Series and Class Designation Schedule: Discover Card Master Trust I, Series
1998-2 $500,000,000 5.80% Class A Credit Card Pass-Through Certificates
Discover Card Master Trust I, Series 1998-2 $26,316,000 5.95% Class B Credit
Card Pass-Through Certificates
Series Cut-Off Date: March 1, 1998
Moody's Investors Standard & Poor's
Certificate Rating: Service, Inc. Ratings Services
Class A Aaa AAA
Class B A2 A
Aggregate outstanding balance of Principal Receivables as of February 1, 1998:
$20,329,420,411.31.
Date of Series Supplement: March 4, 1998.
Certificate Rate: Class A: 5.80% per annum; and Class B: 5.95% per annum
Terms of Sale: The purchase price for the Certificates to the Underwriters will
be 99.328125% of the aggregate principal amount of the Class A Certificates and
99.287500% of the aggregate principal amount of the Class B Certificates as of
March 4, 1998.
Time of Delivery: 9:00 A.M., Chicago, Illinois Time, on March 4, 1998, or at
such other time as may be agreed upon in writing.
2
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 1998-2 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
---------------------------------------
Accepted:
GREENWOOD TRUST COMPANY
By: /s/ Xxxx X. Xxxxx
---------------------
-2-
3
SCHEDULE I
UNDERWRITERS
$500,000,000 5.80% Class A Credit Card Pass-Through Certificates, Series 1998-2
Percentage
----------
Xxxxxx Xxxxxxx & Co. Incorporated 25%
First Chicago Capital Markets, Inc. 25%
First Union Capital Markets Corp. 25%
NationsBanc Xxxxxxxxxx Securities LLC 25%
$26,316,000 5.95% Class B Credit Card Pass-Through Certificates, Series 1998-2
Percentage
----------
Xxxxxx Xxxxxxx & Co. Incorporated 100%
-3-
