New Issue: American Express Credit $1.5 billion 5.125% five-year notes yield Treasuries plus 275 bps

By Andrea Heisinger

New York, Aug. 20 - American Express Credit Corp. priced $1.5 billion 5.125% five-year notes Thursday to yield Treasuries plus 275 basis points, an informed source said.

The non-callable notes (A2/BBB+/A+) priced at 99.904 to yield 5.147%.

Bookrunners were Bank of America Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities and RBS Securities Inc.

The subsidiary of financial services provider American Express Co. is based in New York City.

Issuer:	American Express Credit Corp.
Issue:	Notes
Amount:	$1.5 billion
Maturity:	Aug. 25, 2014
Bookrunners:	Bank of America Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities, RBS Securities Inc.
Coupon:	5.125%
Price:	99.904
Yield:	5.147%
Spread:	Treasuries plus 275 bps
Call:	Non-callable
Trade date:	Aug. 20
Settlement date:	Aug. 25
Ratings:	Moody's: A2
	Standard & Poor's: BBB+
	Fitch: A+

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