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

By Devika Patel

Knoxville, Tenn., Nov. 1 – American Express Co. intends to offer fixed- and floating-rate notes in three tranches, according to a 424B2 filing with the Securities and Exchange Commission.

The two fixed-rate portions are due in November 2021 and November 2025. The lone floater is due in November 2021.

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

Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., RBC Capital Markets LLC, Wells Fargo Securities LLC and Barclays 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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