Published on 9/2/2008 in the Prospect News Investment Grade Daily.
New Issue: American Express Credit prices $167.92 million 6.05% three-year InterNotes at par
By Andrea Heisinger
New York, Sept. 2 - American Express Credit Corp. priced $167.92 million of 6.05% three-year InterNotes Tuesday at par, according to a 424B3 filing with the Securities and Exchange Commission.
The senior unsecured notes (Aa3/A+/) are non-callable.
Agents were Banc of America Securities LLC and Incapital LLC.
Co-agents were Charles Schwab & Co., Inc.; Citigroup Global Markets Inc.; Fidelity Capital Markets Services, a division of National Financial Services, LLC; Merrill Lynch, Pierce, Fenner & Smith Inc.; Morgan Stanley & Co. Inc.; Raymond James & Associates, Inc.; RBC Capital Markets Corp.; UBS Securities LLC; and Wachovia Securities, LLC.
The unit of American Express Co. is based in New York City.
Issuer: | American Express Credit Corp.
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Issue: | Senior unsecured InterNotes
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Amount: | $167,918,000
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Maturity: | Sept. 15, 2011
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Agents: | Banc of America Securities LLC, Incapital LLC
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Co-agents: | Charles Schwab & Co., Inc., Citigroup Global Markets Inc., Fidelity Capital Markets Services, a division of National Financial Services, LLC, Merrill Lynch, Pierce, Fenner & Smith Inc., Morgan Stanley & Co. Inc., Raymond James & Associates, Inc., RBC Capital Markets Corp., UBS Securities LLC, Wachovia Securities, LLC
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Coupon: | 6.05%
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Price: | Par
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Yield: | 6.05%
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Call: | Non-callable
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Trade date: | Sept. 2
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Settlement date: | Sept. 5
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Ratings: | Moody's: Aa3
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| Standard & Poor's: A+
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