Discover Bank priced an upsized $1.2 billion credit card-receivable securitization, according to a filing with the SEC—more than double the $500 million originally on offer.

The DiscoverSeries Class A (2014-4) notes, issued under the Discover Credit Execution Note Trust, are priced at a spread of 36 basis points over interpolated swaps.  The notes have a 4.87-year weighted average life, and reaches its final legal maturity in December 2021.

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