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Trade Date: Tuesday, September 6, 2016 @ 12:00 PM ET
Settlement Date: Friday, September 9, 2016
Minimum
Denomination/Increments: $1,000.00/$1,000.00
Initial trades settle flat and clear SDFS: DTC Book Entry only
Lead Manager: Incapital LLC
Agents: BofA Merrill Lynch, Citigroup , Morgan Stanley ,
RBC Capital Markets, Wells
Fargo Advisors, LLC
Legal Matters
In the opinion of Sidley Austin LLP, as counsel to Discover
Financial Services (the Company), when the notes offered
by this pricing
supplement have been executed and issued by
the Company and authenticated by the trustee pursuant to the
indenture, and delivered against payment as contemplated
herein, such notes will be valid and binding obligations of the
Company,
enforceable in accordance with their terms, subject
to applicable bankruptcy, insolvency and similar laws
affecting creditors rights generally, concepts of
reasonableness and equitable principles of general
applicability
(including, without limitation, concepts of good
faith, fair dealing and the lack of bad faith), provided that
such counsel expresses no opinion as to the effect of
fraudulent conveyance, fraudulent transfer or similar
provision of
applicable law on the conclusions expressed
above. This opinion is given as of the date hereof and is
limited to the laws of the State of New York and the General
Corporation Law of the State of Delaware as in effect on the
date hereof.
In addition, this opinion is subject to customary
assumptions about the trustees authorization, execution and
delivery of the indenture and the genuineness of signatures
and certain factual matters, all as stated in the letter of
such
counsel dated September 8, 2015, which has been filed as an
exhibit to a Current Report on Form 8-K filed by the
Company on September 8, 2015.
InterNotes
®
is a registered trademark of Incapital Holdings
LLC. All Rights Reserved.
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Discover Financial Services
Discover Financial Services InterNotes
Pricing Supplement No. 24 -Dated
Tuesday, September 6, 2016
(to: Prospectus dated June 26, 2015 and
Prospectus Supplement Dated:
September 8, 2015)
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