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Exhibit 1.2
DISCOVER CARD MASTER TRUST I
CREDIT CARD PASS-THROUGH CERTIFICATES
TERMS AGREEMENT
Dated: March 26, 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 1999-3, 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
1999-3 $500,000,000 Floating Rate Class A Credit Card Pass-Through Certificates
Discover Card Master Trust I, Series 1999-3 $26,316,000 Floating Rate 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 March 1, 1999:
$27,161,562,570.75.
Date of Series Supplement: April 6, 1999.
Certificate Rate: Class A: One-month LIBOR plus 0.11% per annum; and Class B:
One-month LIBOR plus 0.31% per annum.
Terms of Sale: The purchase price for the Certificates to the Underwriter will
be 99.775% of the aggregate principal amount of the Class A Certificates and
99.750% of the aggregate principal amount of the Class B Certificates as of
April 6, 1999. The Underwriter 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 April 6, 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 1999-3 Certificates. This Terms Agreement may be amended only by
written agreement of the parties hereto.
Very truly yours,
XXXXXX XXXXXXX & CO. INCORPORATED
As Underwriter
By: /s/ J. Xxxxxxx Xxx Xxxx
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Accepted:
GREENWOOD TRUST COMPANY
By: /s/ Xxxx X. Xxxxx
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