Chicago, Oct. 31 – American Express Co. priced $1.5 billion of 5.85% notes with a five-year tenor (A2/BBB+/A) in the Monday market, according to an FWP filing with the Securities and Exchange Commission.
The notes priced at 99.928 to yield 5.867%, or at Treasuries plus 160 basis points.
The notes may be redeemed early at par, in whole or in part, on the day that is 31 days prior to the maturity date.
Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and Mizuho Securities USA LLC are listed as joint bookrunners.
Proceeds will be used for general corporate purposes.
American Express is a New York-based credit card company.
| Issuer: | American Express Co.
|
| Amount: | $1.5 billion
|
| Issue: | Senior notes
|
| Maturity: | Nov. 5, 2027
|
| Bookrunners: | Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and Mizuho Securities USA LLC
|
| Co-managers: | R. Seelaus & Co., LLC, MUFG Securities Americas Inc. and SMBC Nikko Securities America, Inc.
|
| Junior co-managers: | Mischler Financial Group, Inc. and Siebert Williams Shank & Co., LLC
|
| Trustee: | Bank of New York Mellon
|
| Counsel to issuer: | In-house
|
| Counsel to underwriters: | Cleary Gottlieb Steen & Hamilton LLP
|
| Coupon: | 5.85%
|
| Price: | 99.928
|
| Yield: | 5.867%
|
| Spread: | Treasuries plus 160 bps
|
| Call features: | Par call 31 days before maturity date
|
| Trade date: | Oct. 31
|
| Settlement date: | Nov. 7
|
| Ratings: | Moody’s: A2
|
| S&P: BBB+
|
| Fitch: A
|
| Distribution: | SEC registered
|
| Cusip: | 025816DB2
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
