Discover Bank upsized its first credit card deal of 2014 to $800 million from $500 million originally.

The class A, 2014-1 series, five-year notes priced at 43 basis points over the one-month Libor, according to a regulatory filing.  That's just two basis points inside of the 45 basis points that Discover pays on its previous five-year, triple-A rated issuance from the trust, which priced in October 2013.

The latest notes were also assigned preliminary ratings of ‘AAA’ by Fitch Ratings.  Credit enhancement for the class A (2014-1) notes totals 24.50%.

Bank of America Merrill Lynch and JP Morgan are the lead underwriters on the deal.

With the latest deal, Discover has offered 28 series of class A notes from the trust.  The notes are part of a multiple-issuance series of notes called the DiscoverSeries, which consist of class A, B, C and D notes.

The total invested amount of notes outstanding will be $19.864 billion, consisting of $14.45 billion of class A notes, $1.335 billion of class B notes, $1.695 billion of class C notes and $2.38 billion of class D notes, according to the Fitch presale report.

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