SEARS CREDIT ACCOUNT MASTER TRUST II Master Trust Certificates Underwriting AgreementUnderwriting Agreement • March 23rd, 2001 • Sears Credit Account Master Trust Ii • Asset-backed securities • New York
SRFG, Inc. (the "Company"), as originator of Sears Credit Account Master Trust II (the "Trust") and holder of the Seller Certificate, proposes, subject to the terms and conditions stated herein, to cause to be issued and sold from time to time certain of the Master Trust Certificates registered under the registration statement referred to in Section 2(a) (the "Securities"). The Company intends to enter into one or more Pricing Agreements (each a "Pricing Agreement") in the form attached hereto, with such additions and deletions as the parties thereto may determine, and, subject to the terms and conditions stated herein and therein, to issue and sell to the firm or firms named in Schedule 1 to the applicable Pricing Agreement (such firm or firms constituting the "Underwriters" with respect to such Pricing Agreement and the securities specified therein) the Securities specified in such Pricing Agreement (with respect to such Pricing Agreement, the "Designated Securities"). The Designated
SERIES TERM SHEETPooling and Servicing Agreement • March 23rd, 2001 • Sears Credit Account Master Trust Ii • Asset-backed securities • New York
SEARS CREDIT ACCOUNT MASTER TRUST II MASTER TRUST CERTIFICATES PRICING AGREEMENT CLASS A Dated: March 1, 2001 To: SRFG, Inc. (the "Company"), as Seller under the Pooling and Servicing Agreement dated as of July 31, 1994, as amended. Re: Underwriting...Sears Credit Account Master Trust Ii • March 23rd, 2001 • Asset-backed securities
Title: Sears Credit Account Master Trust II, $600,000,000, Floating Rate Class A Master Trust Certificates, Series 2001-1. Aggregate Initial Principal Amount of Certificates: $600,000,000 Class A Master Trust Certificates, Series 2001-1 Class A Expected Principal Payment Date: February 2006 Distribution Date Series and Class Designation of Designated Securities: Floating Rate Class A Master Trust Certificates, Series 2001-1 (the "Class A Certificates") Certificate Rating: Class A Certificates: Aaa by Moody's Investors Service, Inc. AAA by Standard & Poor's Ratings Services Minimum Principal Receivables Balance after giving effect to the issuance of Series 2001-1: $10,546,318,370 Date of Series Supplement: March 8, 2001 Certificate Rate: Class A Certificates: One-month LIBOR plus 0.18%. Terms of Sale:
SEARS CREDIT ACCOUNT MASTER TRUST II MASTER TRUST CERTIFICATES PRICING AGREEMENT CLASS B Dated: March 1, 2001Sears Credit Account Master Trust Ii • March 23rd, 2001 • Asset-backed securities
The purchase price for the Designated Securities to the Underwriters, named on Schedule 1 hereto, will be the percentage set forth below of the aggregate initial principal amount of the Certificates, as set forth above plus accrued interest at the applicable Certificate Rate from the Time of Delivery.
