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EX 1.2
DISCOVER CARD MASTER TRUST I
CREDIT CARD PASS-THROUGH CERTIFICATES
TERMS AGREEMENT
Dated: June 8, 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 1999-5 Floating Rate 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
1999-5 $500,000,000 Floating Rate Class A Credit Card Pass-Through Certificates
Discover Card Master Trust I, Series 1999-5 $26,316,000 Floating Rate Class B
Credit Card Pass-Through Certificates
Series Cut-Off Date: June 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 June 1, 1999:
$26,621,602,707.65.
Date of Series Supplement: June 15, 1999.
Certificate Rate: Class A: One-month LIBOR plus 0.18% per annum; and Class B:
One-month LIBOR plus 0.41% per annum.
Terms of Sale: The purchase price for the Certificates to the Underwriters will
be 99.750% of the aggregate principal amount of the Class A Certificates and
99.725% of the aggregate principal amount of the Class B Certificates as of June
15, 1999. The Underwriters will offer the Certificates to the public at a price
equal to 100.00% of the aggregate principal amount of the Class A Certificates
and 100.00% 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 June 15, 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 1999-5 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
$500,000,000 Class A Floating Rate Credit Card Pass-Through Certificates, Series
1999-5
Percentage
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Xxxxxx Xxxxxxx & Co. Incorporated 16.6670%
Banc One Capital Markets, Inc. 16.6666%
Barclays Capital Inc. 16.6666%
Commerzbank Capital Markets Corp. 16.6666%
Deutsche Bank Securities Inc. 16.6666%
Dresdner Kleinwort Xxxxxx North America LLC 16.6666%
$26,316,000 Class B Floating Rate Credit Card Pass-Through Certificates, Series
1999-5
Percentage
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Xxxxxx Xxxxxxx & Co. Incorporated 100%
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