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American Express Company Announces Pricing Terms Of Note Exchange Offers

The table below shows, among other things, the total exchange price and exchange price per $1,000 principal amount of each series of old notes accepted in the exchange offers:

             

CUSIP Number

Title of Old Notes

Principal Amount Outstanding

Reference UST Yield

Fixed Spread (basis points)

Exchange Price

Early Exchange Premium

Total Exchange Price

025816BB4

8.125%Senior Notesdue 2019

$1,750,000,000 1.647% + 15 $1,354.53 $30.00 $1,384.53
025816AZ2

8.150%Senior Notesdue 2038

$1,000,000,000 2.786% + 105 $1,664.39 $30.00 $1,694.39
 

The total exchange price for the 2019 notes exchange offer will be paid in the following manner:

  • $1,150.00 principal amount of new 2022 notes; plus
  • $239.24 in cash (which is equal to (a) the total exchange price for the 2019 notes exchange offer minus (b) the New 2022 Notes Value).

The exchange price for the 2019 notes exchange offer will be paid in the following manner:

  • $1,150.00 principal amount of new 2022 notes; plus
  • $209.24 in cash (which is equal to (a) the exchange price for the 2019 notes exchange offer minus (b) the New 2022 Notes Value).

The total exchange price for the 2038 notes exchange offer will be paid in the following manner:

  • $1,350.00 principal amount of new 2042 notes; plus
  • $352.75 in cash (which is equal to (a) the total exchange price for the 2038 notes exchange offer minus (b) the New 2042 Notes Value).

The exchange price for the 2038 notes exchange offer will be paid in the following manner:

  • $1,350.00 principal amount of new 2042 notes; plus
  • $322.75 in cash (which is equal to (a) the exchange price for the 2038 notes exchange offer minus (b) the New 2042 Notes Value).

In addition to the applicable total exchange price or exchange price, holders whose old notes are accepted for exchange will be paid accrued and unpaid interest on such old notes to but not including the applicable settlement date. In the case of old notes exchanged on the final settlement date, this amount will be reduced to reflect embedded interest on the new notes as described in the confidential offering circular.

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