Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
15 Dicembre 2017 - 10:42PM
Edgar (US Regulatory)
CALCULATION OF REGISTRATION FEE
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Title of Each Class
of
Securities Offered
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Maximum Aggregate
Offering Price
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Amount of
Registration Fee
(1)
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3.200 %
Discover Financial Services InterNotes Due December 15, 2023
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$728,000
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90.64
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4.000 %
Discover Financial Services InterNotes Due December 15, 2029
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$4,420,000
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550.29
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(1)
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Calculated in accordance with Rule 457(r) under the Securities Act of 1933, as amended.
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Pricing Supplement dated December 15, 2017
Filed under Rule 424(b)(2), Registration Statement No. 333-205280
Pricing Supplement No. 58 - Dated Friday, December 15, 2017 (to: Prospectus dated June 26, 2015 and Prospectus
Supplement Dated July 31, 2017)
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CUSIP
Number
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Principal
Amount
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Selling
Price
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Gross
Concession
(1)
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Net
Proceeds
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Coupon
Type
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Coupon
Rate
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Coupon
Frequency
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Day Count
Basis
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Maturity
Date
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1st Coupon
Date
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1st Coupon
Amount
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Survivors
Option
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FDIC
Guaranteed
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Product
Ranking
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25472CDM8
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$728,000.00
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100.00%
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1.350%
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$718,172.00
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Fixed
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3.200%
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Semi-Annual
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30/360
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12/15/2023
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6/15/2018
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$15.56
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Yes
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No
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Senior Unsecured
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Notes
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(1)
Includes a selling
concession of up to 0.9250 % that will be paid to certain securities dealers (the Selected Dealers).
Supplemental Plan of Distribution. Except for Notes sold to level-fee accounts, Notes offered to the public will be offered at the selling price set forth in
this Pricing Supplement. Notes sold by Selected Dealers on an agency basis to non-level fee accounts will be sold at the selling price. Notes purchased by Selected Dealers for their own account may be purchased at the selling price less the selling
concession specified in Note (1) above. Notes purchased by Selected Dealers on behalf of level-fee accounts may be sold to such accounts at the selling price less the selling concession, in which case, such Selected Dealers will not retain any
portion of the selling price as compensation.
Redemption Information:
Callable in whole or in part, at any time on or after 12/15/2018.
Optional Redemption: Discover Financial Services may, at its option, at any time on or after 12/15/2018, redeem these Discover Financial Services InterNotes in
whole or in part on no less than 10 nor more than 30 days prior notice delivered to the holders of these Discover Financial Services InterNotes. These Discover Financial Services InterNotes will be redeemable at a redemption price equal to
100% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest. If fewer than all of these Discover Financial Services InterNotes are to be redeemed, the Trustee will select the Notes for redemption on a pro rata basis,
by lot or by such other method in accordance with the DTCs procedures. These Discover Financial Services InterNotes will be redeemed in denominations of $1,000 and integral multiples of $1,000 in excess thereof. If these Discover Financial
Services InterNotes are to be redeemed in part only, the notice of redemption will state the portion to be redeemed. Unless Discover Financial Services defaults in payment of the redemption price, on and after the redemption date, interest will
cease to accrue on these Discover Financial Services InterNotes or the portions of these Discover Financial Services InterNotes called for redemption.
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CUSIP
Number
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Principal
Amount
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Selling
Price
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Gross
Concession
(2)
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Net
Proceeds
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Coupon
Type
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Coupon
Rate
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Coupon
Frequency
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Day Count
Basis
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Maturity
Date
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1st Coupon
Date
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1st Coupon
Amount
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Survivors
Option
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FDIC
Guaranteed
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Product
Ranking
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25472CDN6
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$4,420,000.00
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100.00%
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2.000%
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$4,331,600.00
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Fixed
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4.000%
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Semi-Annual
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30/360
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12/15/2029
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6/15/2018
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$19.44
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Yes
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No
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Senior Unsecured
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Notes
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(2)
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Includes a selling concession of up to 1.4500 % that will be paid to the Selected Dealers.
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Supplemental Plan of Distribution. Except for Notes sold to level-fee accounts, Notes offered to the public will be offered
at the selling price set forth in this Pricing Supplement. Notes sold by Selected Dealers on an agency basis to non-level fee accounts will be sold at the selling price. Notes purchased by Selected Dealers for their own account may be purchased at
the selling price less the selling concession specified in Note (2) above. Notes purchased by Selected Dealers on behalf of level-fee accounts may be sold to such accounts at the selling price less the selling concession, in which case, such
Selected Dealers will not retain any portion of the selling price as compensation.
Redemption Information:
Callable in whole or in part, at any time on or after 12/15/2019.
Optional Redemption: Discover Financial Services may, at its option, at any time on or after 12/15/2019,
redeem these Discover Financial Services InterNotes in whole or in part on no less than 10 nor more than 30 days prior notice delivered to the holders of these Discover Financial Services InterNotes. These Discover Financial Services
InterNotes will be redeemable at a redemption price equal to 100% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest. If fewer than all of these Discover Financial Services InterNotes are to be redeemed, the
Trustee will select the Notes for redemption on a pro rata basis, by lot or by such other method in accordance with the DTCs procedures. These Discover Financial Services InterNotes will be redeemed in denominations of $1,000 and integral
multiples of $1,000 in excess thereof. If these Discover Financial Services InterNotes are to be redeemed in part only, the notice of redemption will state the portion to be redeemed. Unless Discover Financial Services defaults in payment of the
redemption price, on and after the redemption date, interest will cease to accrue on these Discover Financial Services InterNotes or the portions of these Discover Financial Services InterNotes called for redemption.
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Trade Date: Friday, December 15, 2017 @ 12:00 PM ET
Settlement Date: Wednesday, December 20, 2017
Minimum
Denomination/Increments: $1,000.00/$1,000.00
Initial trades settle flat and clear SDFS: DTC Book Entry only
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Discover Financial Services
Discover Financial Services InterNotes
Pricing Supplement No. 58 - Dated Friday, December 15, 2017
(to: Prospectus dated June 26, 2015 and Prospectus Supplement Dated July 31, 2017)
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Lead Manager: Incapital LLC
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Agents: BofA Merrill Lynch, Morgan Stanley , RBC Capital Markets, Wells Fargo Advisors, Citigroup
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Legal Matters
In the opinion of Sidley Austin
LLP, as counsel to Discover Financial Services (the Company), when the notes offered by this pricing supplement have been executed and issued by the Company and authenticated by the trustee pursuant to the indenture, and delivered
against payment as contemplated herein, such notes will be valid and binding obligations of the Company, enforceable in accordance with their terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors rights
generally, concepts of reasonableness and equitable principles of general applicability (including, without limitation, concepts of good faith, fair dealing and the lack of bad faith), provided that such counsel expresses no opinion as to the effect
of fraudulent conveyance, fraudulent transfer or similar provision of applicable law on the conclusions expressed above. This opinion is given as of the date hereof and is limited to the laws of the State of New York and the General Corporation Law
of the State of Delaware as in effect on the date hereof. In addition, this opinion is subject to customary assumptions about the trustees authorization, execution and delivery of the indenture and the genuineness of signatures and certain
factual matters, all as stated in the letter of such counsel dated September 8, 2015, which has been filed as an exhibit to a Current Report on Form 8-K filed by the Company on September 8, 2015.
InterNotes
®
is a registered
trademark of Incapital Holdings LLC. All Rights Reserved.
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