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Published on 9/15/2008 in the Prospect News Investment Grade Daily.

New Issue: American Express Credit prices $12.92 million 6.65% seven-year InterNotes

By Susanna Moon

Chicago, Sept. 15 - American Express Credit Corp. priced $12.92 million of seven-year InterNotes on Monday at par to yield 6.65%, according to a 424B3 filing with the Securities and Exchange Commission.

The notes (Aa3/A+/) are non-callable.

Banc of America Securities LLC and Incapital LLC were the agents.

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.

Issuer:American Express Credit Corp.
Issue:Senior unsecured InterNotes
Amount:$12,923,000
Maturity:Sept. 15, 2015
Agents:Banc of America Securities LLC, Incapital LLC (leads); 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
Coupon:6.65%
Price:Par
Yield:6.65%
Trade date:Sept. 15
Settlement date:Sept. 18
Ratings:Moody's: Aa3
Standard & Poor's: A+

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