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EXHIBIT 1.2
DISCOVER CARD MASTER TRUST I
CREDIT CARD PASS-THROUGH CERTIFICATES
TERMS AGREEMENT
Dated: June 9, 2000
To: Greenwood Trust Company, as Seller under the Pooling and Servicing
Agreement, as amended, dated as of October 1, 1993.
Re: Underwriting Agreement dated June 9, 2000
Title: Discover Card Master Trust I, Series 2000-6, Credit Card Pass-Through
Certificates, Class A and Class B.
Initial Principal Amount of Certificates: $736,843,000
Series and Class Designation Schedule: Discover Card Master Trust I,
Series 2000-6 $700,000,000 Floating Rate Class A Credit Card Pass-Through
Certificates.
Discover Card Master Trust I, Series 2000-6 $36,843,000 Floating Rate Class B
Credit Card Pass-Through Certificates.
Series Cut-Off Date: June 1, 2000
Certificate Rating: Moody's Investors Standard & Poor's
Service, Inc. Ratings Services
Class A Aaa AAA
Class B A2 A
Aggregate outstanding balance of Receivables as of June 1, 2000:
$28,071,726,498.52.
Date of Series Supplement: June 19, 2000.
Certificate Rate: Class A: Three-month LIBOR plus 0.13% per annum; and Class B:
Three-month LIBOR plus 0.36% per annum, converting to one-month LIBOR plus 0.13%
per annum and one-month LIBOR plus 0.36% per annum, respectively, following an
Amortization Event.
Terms of Sale: The purchase price for the Certificates to the Underwriters will
be 99.75% of the aggregate principal amount of the Class A Certificates and
99.70% of the aggregate principal amount of the Class B Certificates as of June
19, 2000. 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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Concurrent Offerings of Certificates: Notwithstanding anything in Section 5(e)
of the Agreement to the contrary, the parties hereto agree that Greenwood may
offer, sell, contract to sell or otherwise dispose of the Series 2000-7
Certificates during the period beginning from the date of the Terms Agreement
and continuing to and including the Time of Delivery.
Time of Delivery: 9:00 A.M., Chicago, Illinois Time, on June 19, 2000, 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 2000-6 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/ Xxxxxx Xxxxxxxxx
-------------------------------
Accepted:
GREENWOOD TRUST COMPANY
By: /s/ Xxxxxxx X. Xxxxxxx
-------------------------------
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SCHEDULE I
UNDERWRITERS
$700,000,000 Floating Rate Class A Credit Card Pass-Through Certificates, Series
2000-6
Principal Amount
----------------
Xxxxxx Xxxxxxx & Co. Incorporated $696,500,000
Commerzbank Capital Markets Corp. $1,750,000
Loop Capital Markets, LLC $1,750,000
Total $700,000,000
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$36,843,000 Floating Rate Class B Credit Card Pass-Through Certificates, Series
2000-6
Principal Amount
----------------
Xxxxxx Xxxxxxx & Co. Incorporated $36,843,000
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DISCOVER CARD MASTER TRUST I
CREDIT CARD PASS-THROUGH CERTIFICATES
TERMS AGREEMENT
Dated: June 9, 2000
To: Greenwood Trust Company, as Seller under the Pooling and Servicing
Agreement, as amended, dated as of October 1, 1993.
Re: Underwriting Agreement dated June 9, 2000
Title: Discover Card Master Trust I, Series 2000-7, 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
2000-7 $850,000,000 Floating Rate Class A Credit Card Pass-Through Certificates.
Discover Card Master Trust I, Series 2000-7 $44,737,000 Floating Rate Class B
Credit Card Pass-Through Certificates.
Series Cut-Off Date: June 1, 2000
Certificate Rating: Moody's Investors Standard & Poor's
Service, Inc. Ratings Services
Class A Aaa AAA
Class B A2 A
Aggregate outstanding balance of Receivables as of June 1, 2000:
$28,071,726,498.52.
Date of Series Supplement: June 20, 2000.
Certificate Rate: Class A: Three-month LIBOR plus 0.1725% per annum; and Class
B: Three-month LIBOR plus 0.4125% per annum, converting to one-month LIBOR plus
0.1725% per annum and one-month LIBOR plus 0.4125% per annum, respectively,
following an Amortization Event.
Terms of Sale: The purchase price for the Certificates to the Underwriters will
be 99.70% of the aggregate principal amount of the Class A Certificates and
99.625% of the aggregate principal amount of the Class B Certificates as of June
20, 2000. The Underwriters will offer the
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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.
Concurrent Offerings of Certificates: Notwithstanding anything in Section 5(e)
of the Agreement to the contrary, the parties hereto agree that Greenwood may
offer, sell, contract to sell or otherwise dispose of the Series 2000-6
Certificates during the period beginning from the date of the Terms Agreement
and continuing to and including the Time of Delivery.
Time of Delivery: 9:00 A.M., Chicago, Illinois Time, on June 20, 2000, 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 2000-7 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/ Xxxxxx Xxxxxxxxx
Accepted: ---------------------------
GREENWOOD TRUST COMPANY
By: /s/ Xxxxxxx X. Xxxxxxx
---------------------------
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SCHEDULE I
UNDERWRITERS
$850,000,000 Floating Rate Class A Credit Card Pass-Through Certificates,
Series 2000-7
Principal Amount
----------------
Xxxxxx Xxxxxxx & Co. Incorporated $845,750,000
Commerzbank Capital Markets Corp. $2,125,000
Loop Capital Markets, LLC $2,125,000
Total $850,000,000
============
$44,737,000 Floating Rate Class B Credit Card Pass-Through Certificates,
Series 2000-7
Principal Amount
----------------
Xxxxxx Xxxxxxx & Co. Incorporated $44,737,000
