New Issue-Discover Financial sells $400 mln in notes

July 10 (Reuters) - Discover Financial Services (DFS.N) on
Thursday sold $400 million of 10-year senior notes, said IFR, a
Thomson Reuters service.

JP Morgan was the sole bookrunning manager for the sale.
BORROWER: DISCOVER FINANCIAL SERVICES
AMT $400 MLN COUPON 10.25 PCT MATURITY 7/15/2019
TYPE SR NOTES ISS PRICE 100 FIRST PAY 1/15/2010
MOODY'S Ba1 YIELD 10.25 PCT SETTLEMENT 7/15/2009
S&P BBB-MINUS SPREAD 694.7 BPS PAY FREQ SEMI-ANNUAL
FITCH BBB-MINUS MORE THAN TREAS COC PUT $101