American Express to sell fixed-, floating-rate notes in four parts

Chicago, Nov. 1 – American Express Co. plans to sell two pairs of notes, according to a 424B2 filing with the Securities and Exchange Commission on Monday morning.

The company will sell a pair of fixed- and floating-rate notes due 2023 and a separate pair due 2026.

The floating-rate notes will be based on SOFR plus specified margins.

The 2023 notes are non-callable. The 2026 notes can be redeemed at par 31 days before the maturity date.

Deutsche Bank Securities Inc., BofA Securities, Inc., Credit Suisse Securities (USA) LLC and Mizuho Securities USA LLC are the bookrunners.

Bank of New York Mellon is the trustee.

Cleary Gottlieb Steen & Hamilton LLP is working as counsel for American Express. Skadden, Arps, Slate, Meagher & Flom LLP is advising the underwriters.

Proceeds will be used for general corporate purposes.

The credit card services company is based in New York.

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