Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
February 13 2017 - 1:36PM
Edgar (US Regulatory)
The information in this preliminary pricing supplement is not complete and may be
changed. This preliminary pricing supplement and the accompanying prospectus supplement and prospectus are not offers to sell these securities and are not soliciting an offer to buy these securities in any jurisdiction where the offer or sale is not
permitted.
Subject to completion
Preliminary Pricing Supplement dated February 13, 2017
Filed under Rule 424(b)(2), Registration Statement No.
333-205280
Preliminary Pricing Supplement No. 33 - Dated Monday, February 13, 2017 (to: Prospectus dated
June 26, 2015 and Prospectus Supplement Dated: September 8, 2015)
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CUSIP
Number
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Principal
Amount
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Selling
Price
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Gross
Concession
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Net
Proceeds
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Coupon
Type
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Coupon
Rate
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Coupon
Frequency
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Day Count
Basis
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Maturity
Date
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1st Coupon
Date
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1st Coupon
Amount
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Survivors
Option
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FDIC
Guaranteed
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Product
Ranking
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25472CBN8
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$
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100.00 %
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1.800 %
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$
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Fixed
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3.900 %
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Semi-Annual
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30/360
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02/15/2027
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8/15/2017
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$18.53
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Yes
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No
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Senior Unsecured
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Notes
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Redemption Information:
Callable
in whole or in part, at any time on or after 11/15/2026.
Optional Redemption: Discover
Financial Services may, at its option, at any time on or after 11/15/2026, redeem these Discover Financial Services InterNotes in whole or in part on no less than 10 nor more than 30 days prior notice delivered to the holders of these Discover
Financial Services InterNotes. These Discover Financial Services InterNotes will be redeemable at a redemption price equal to 100% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest. If fewer than all of these
Discover Financial Services InterNotes are to be redeemed, the Trustee will select the Notes for redemption on a pro rata basis, by lot or by such other method in accordance with the DTCs procedures. These Discover Financial Services
InterNotes will be redeemed in denominations of $1,000 and integral multiples of $1,000 in excess thereof. If these Discover Financial Services InterNotes are to be redeemed in part only, the notice of redemption will state the portion to be
redeemed. Unless Discover Financial Services defaults in payment of the redemption price, on and after the redemption date, interest will cease to accrue on these Discover Financial Services InterNotes or the portions of these Discover Financial
Services InterNotes called for redemption.
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Trade Date: Tuesday, February 21, 2017 @ 12:00 PM ET
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Discover Financial Services
Discover Financial Services InterNotes
Preliminary Pricing Supplement No. 33 - Dated Monday, February 13, 2017
(to: Prospectus dated June 26, 2015 and Prospectus Supplement Dated: September 8, 2015)
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Settlement Date: Friday, February 24, 2017
Minimum Denomination/Increments: $1,000.00/$1,000.00
Initial trades
settle flat and clear SDFS: DTC Book Entry only
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Lead Manager: Incapital LLC
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Agents: BofA Merrill Lynch, Citigroup, Morgan Stanley, RBC Capital Markets, Wells Fargo Advisors, LLC
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InterNotes
®
is a registered trademark of Incapital Holdings LLC. All Rights Reserved.
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