American Express to offer fixed-, floating-rate notes in three parts

By Devika Patel

Knoxville, Tenn., Oct. 23 – American Express Co. intends to offer fixed- and floating-rate subordinated notes in three tranches, according to a 424B2 filing with the Securities and Exchange Commission.

The two fixed-rate portions are due in October 2020 and October 2024. The lone floater is due in October 2020.

All of the notes are callable at par after 31 days prior to maturity.

Barclays, Deutsche Bank Securities Inc., Mizuho Securities USA Inc., RBC Capital Markets Corp. and Wells Fargo Securities LLC are the bookrunners.

Proceeds will be used for general corporate purposes.

The credit card services company is based in New York.

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