(Corrects year for first pay date in table to 2010, instead of
2009.)

Nov 10 (Reuters) - Discover Bank, a unit of Discover
Financial Services (DFS.N: Quote, Profile, Research), on Tuesday sold $700 million of
exempt subordinated bank notes, said IFR, a Thomson Reuters
service.

Goldman Sachs was the sole bookrunning manager for the
sale.
BORROWER: DISCOVER BANK
AMT $700 MLN COUPON 8.70 PCT MATURITY 11/18/2019
TYPE SUB NTS ISS PRICE 99.742 FIRST PAY 5/18/2010
MOODY'S Ba1 YIELD 8.739 SETTLEMENT 11/16/2009
S&P BBB-MINUS SPREAD 525 BPS PAY FREQ SEMI-ANNUAL
FITCH BBB-MINUS MORE THAN TREAS NON-CALLABLE