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Discover Bank issues $800M notes

Discover Financial Services wholly owned subsidiary Discover Bank issued and sold $800 million of 3.350% notes due Feb. 6, 2023.

Interest will be paid semiannually on Feb. 6 and Aug. 6 of each year, starting Aug. 6, and on the date of maturity or redemption.

The notes are subject to redemption at the option of the bank, at any time on or after Jan. 6, 2023, in whole or in part on no less than 10 nor more than 60 days' prior notice delivered to the holders.