SEARS FILES REGISTRATION STATEMENT FOR CREDIT PASS-THROUGH CERTIFICATES
SEARS FILES REGISTRATION STATEMENT
FOR CREDIT PASS-THROUGH CERTIFICATES
CHICAGO, Nov. 1 /PRNewswire/ -- Sears, Roebuck and Co. (NYSE: S) and the Dean Witter Financial Services Group, Inc. announced that Sears indirect wholly owned subsidiary, Discover Receivables Financing Group, Inc. filed today with the Securities and Exchange Commission a registration statement for the issuance and sale of $440 million of Discover Card Trust 1991 E Credit Account Pass-Through Certificates and $440 million of Discover Card Trust 1991 F Credit Account Pass-Through Certificates through an underwriting syndicate to be managed by Dean Witter Reynolds Inc., Goldman, Sachs & Co. and Salomon Brothers Inc.
The principal assets of Discover Card Trust 1991 E and Discover Card Trust 1991 F will consist of credit card receivables generated or to be generated by the Discover Card. The certificates will represent undivided ownership interests in the respective trusts.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
This release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
A copy of each of the prospectuses, when available, may be obtained from Dean Witter Reynolds Inc., 2 World Trade Center, New York, N.Y. 10048, Goldman, Sachs & Co., Prospectus Department, 85 Broad Street, New York, N.Y. 10004 or Salomon Brothers Inc, Prospectus Department, 140 58th Street, Brooklyn, N.Y. 11220.
/CONTACT: Gerald E. Buldak, Sears national manager, external communications, 312-875-8371/
(S) CO: Sears, Roebuck and Co. ST: Illinois IN: REA SU: SB -- NY062 -- 0311 11/01/91 15:05 EST