Filed Pursuant to
Rule 424(b)(2)
Registration Number
333-253057
PROSPECTUS
SUPPLEMENT
(To Prospectus Dated
February 12, 2021)
$3,000,000,000
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American Express
Company
$800,000,000 0.750% Notes due
November 3, 2023
$600,000,000 Floating Rate
Notes due November 3, 2023
$1,100,000,000 1.650% Notes
due November 4, 2026
$500,000,000 Floating Rate
Notes due November 4, 2026
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We are offering $800,000,000
principal amount of our 0.750% notes due November 3, 2023, or the
2023 fixed rate notes, $600,000,000 principal amount of our
floating rate notes due November 3, 2023, or the 2023 floating rate
notes, $1,100,000,000 principal amount of our 1.650% notes due
November 4, 2026, or the 2026 fixed rate notes, and $500,000,000
principal amount of our floating rate notes due November 4, 2026,
or the 2026 floating rate notes. In this prospectus supplement, we
refer to the 2023 fixed rate notes and the 2026 fixed rate notes
collectively as the fixed rate notes, we refer to the 2023 floating
rate notes and the 2026 floating rate notes collectively as the
floating rate notes, and we refer to the fixed rate notes and the
floating rate notes collectively as the notes.
We will pay interest on the
2023 fixed rate notes semi-annually in arrears on May 3 and
November 3 of each year, beginning May 3, 2022. We will pay
interest on the 2026 fixed rate notes semi-annually in arrears on
May 4 and November 4 of each year, beginning May 4, 2022. The 2023
fixed rate notes will mature on November 3, 2023 and the 2026 fixed
rate notes will mature on November 4, 2026. We will pay interest on
the 2023 floating rate notes at a rate per annum equal to
Compounded SOFR (as defined on page S-16 of this prospectus
supplement) plus 0.230%, payable quarterly in arrears on February
3, May 3, August 3 and November 3 of each year, beginning February
3, 2022. We will pay interest on the 2026 floating rate notes at a
rate per annum equal to Compounded SOFR plus 0.650%, payable
quarterly in arrears on February 4, May 4, August 4 and November 4
of each year, beginning February 4, 2022. The 2023 floating rate
notes will mature on November 3, 2023 and the 2026 floating rate
notes will mature on November 4, 2026.
We may redeem the 2026 fixed
rate notes and the 2026 floating rate notes, in whole or in part,
on or after the date that is 31 days prior to the maturity
date at a redemption price equal to the principal amount of the
notes being redeemed, together with any accrued and unpaid interest
thereon to the date fixed for redemption. We may not redeem the
2023 fixed rate notes or the 2023 floating rate notes prior to the
maturity date, or the 2026 fixed rate notes or the 2026 floating
rate notes prior to the date that is 31 days prior to the
maturity date. The notes will be our senior unsecured obligations
and will rank prior to all of our present and future subordinated
indebtedness and on an equal basis with all of our other present
and future senior unsecured indebtedness.
We will not list the notes on
any exchange.
We will only issue the notes
in book-entry form registered in the name of a nominee of The
Depository Trust Company (“DTC”), New York, New York. Beneficial
interests in the notes will be shown on, and transfers of such
interests will be made only through, records maintained by DTC and
its participants, including Clearstream Banking,
societe
anonyme (“Clearstream”), and Euroclear Bank SA/NV,
as operator of the Euroclear system (“Euroclear”). Except as
described in this prospectus supplement, we will not issue notes in
definitive form.
The underwriters are offering
the notes for sale in those jurisdictions both inside and outside
the United States where it is lawful to make such
offers.
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Price to Public(1)
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Underwriting
Discounts and
Commissions
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Proceeds to
the
Company(1)(2)
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Per 2023 fixed rate note
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99.990% |
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0.150% |
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99.840% |
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Total for 2023 fixed rate
notes
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$ |
799,920,000 |
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$ |
1,200,000 |
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$ |
798,720,000 |
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Per 2023 floating rate note
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100.000% |
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0.150% |
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99.850% |
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Total for 2023 floating rate
notes
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$ |
600,000,000 |
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$ |
900,000 |
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$ |
599,100,000 |
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Per 2026 fixed rate note
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99.842% |
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0.350% |
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99.492% |
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Total for 2026 fixed rate
notes
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$ |
1,098,262,000 |
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$ |
3,850,000 |
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$ |
1,094,412,000 |
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Per 2026 floating rate note
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100.000% |
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0.350% |
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99.650% |
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Total for 2026 floating rate
notes
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$ |
500,000,000 |
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$ |
1,750,000 |
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$ |
498,250,000 |
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(1)
Plus accrued interest, if any,
from November 4, 2021 to the date of delivery.
(2)
Before offering
expenses.
Delivery of the notes will be
made on or about November 4, 2021.
Neither the Securities and
Exchange Commission nor any state securities commission has
approved or disapproved of these securities or determined if this
prospectus supplement or the accompanying prospectus is truthful or
complete. Any representation to the contrary is a criminal
offense.
Joint Book-Running
Managers
Deutsche Bank
SecuritiesBofA
SecuritiesCredit
SuisseMizuho Securities
Co-Managers
Lloyds Securities
MUFG NatWest Markets
SMBC Nikko Standard
Chartered Bank
Junior
Co-managers
Drexel
Hamilton R.
Seelaus & Co., LLC
The date of this prospectus
supplement is November 1, 2021.