How much will my verizon upgrade discount be?

I have an iphone 4s ( had it for 2 years) and my upgrade date is next weekend, I know I will get an upgrade discount for my next phone but how much will that be? I plan on getting an iphone 5s 32gb. I'm going to renew my 2 year contract as well. So I know the phone price after the renewal will be $299, but how much will it be with the upgrade discount?

$299 is the discount price, with a discount the iPhone 5S is lime $650

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