American Express intends to price three tranches of senior notes

By Cristal Cody

Tupelo, Miss., May 15 – American Express Co. (A3/BBB+/A) is offering three tranches of senior notes in the primary market on Wednesday, according to a 424B2 filed with the Securities and Exchange Commission.

The deal includes fixed-rate notes due May 2022, floating-rate notes due May 2022 and fixed-rate notes due May 2026.

Barclays, BofA Securities, Inc., HSBC Securities (USA) Inc. and Wells Fargo Securities LLC are the bookrunners.

The notes may be redeemed on or after the day that is 31 days before maturity.

Proceeds will be used for general corporate purposes.

The credit card services company is based in New York.

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