UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
Current Report
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Item 7.01 Regulation FD Disclosure.
On June 1, 2021, Discover Bank (the “Bank”), a wholly-owned subsidiary of Discover Financial Services, announced a full redemption of the following outstanding notes (the “Notes”), in the aggregate principal amount of $750,000,000, issued pursuant to a Fiscal and Paying Agency Agreement dated as of August 7, 2014 (the “Fiscal and Paying Agency Agreement”) between the Bank and U.S. Bank National Association, as trustee:
| CUSIP |
Rate |
Maturity | ||
| 25466AAF8 |
3.200% | August 9, 2021 |
Pursuant to the terms of the Fiscal and Paying Agency Agreement and the Notes, the Notes will be redeemed in full on July 10, 2021 (the “Redemption Date”), at a redemption price equal to the sum of 100% of the principal amount of the Notes redeemed plus accrued and unpaid interest to, but excluding, the Redemption Date. On and after the Redemption Date, interest will cease to accrue on the Notes. The Redemption Date (July 10, 2021) is not a business day and the redemption price will be paid on the next succeeding business day (July 12, 2021). No interest will accrue on the Notes for the period from and after July 10, 2021. Upon the Bank’s payment of the redemption price, all rights of holders with respect to the Notes being redeemed will terminate.
Copies of the notice of redemption can be obtained from U.S. Bank National Association by calling 1-800-934-6802.
This information is furnished pursuant to Item 7.01 of Form 8-K. The information in this report shall not be treated as filed for purposes of the Securities Exchange Act of 1934, as amended.
The furnishing of the information in this Item 7.01 is not intended to, and does not, constitute a representation that such furnishing is required by Regulation FD or that the information in this Item 7.01 is material information that is not otherwise publicly available
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| DISCOVER FINANCIAL SERVICES | ||||||
| Dated: June 1, 2021 | By: | /s/ D. Christopher Greene | ||||
| Name: D. Christopher Greene | ||||||
| Title: Vice President, Deputy General Counsel and Secretary | ||||||