Discover Bank priced $850 million of three-year credit card-backed securities at 20 basis points over three-month Libor, according to a regulatory filing.

The class A, 2014-2 notes, which were issued from the Discover Card Execution Note Trust, have a weighted average life (WAL) of 2.93 years and are rated ‘Aaa’ by Moody’s Investors Service.

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