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).
- $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).
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