Obligation American Express 2.25% ( US0258M0EB15 ) en USD

American Express

100.02 % ▲

Etats-unis

US0258M0EB15 ( en USD )

2.25% par an ( paiement semestriel )

04/05/2021 - Obligation échue

Prospectus brochure de l'obligation American Express US0258M0EB15 en USD 2.25%, échue

2 000 USD

1 750 000 000 USD

0258M0EB1

A- ( Qualité moyenne supérieure )

A2 ( Qualité moyenne supérieure )

L'Obligation émise par American Express ( Etats-unis ) , en USD, avec le code ISIN US0258M0EB15, paye un coupon de 2.25% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 04/05/2021

L'Obligation émise par American Express ( Etats-unis ) , en USD, avec le code ISIN US0258M0EB15, a été notée A2 ( Qualité moyenne supérieure ) par l'agence de notation Moody's.

L'Obligation émise par American Express ( Etats-unis ) , en USD, avec le code ISIN US0258M0EB15, a été notée A- ( Qualité moyenne supérieure ) par l'agence de notation Standard & Poor's ( S&P ).

Table of Contents

Filed pursuant to Rule 424(b)(2)
Registration No. 333-204124

PROSPECTUS SUPPLEMENT
(To Prospectus Dated May 13, 2015)

American Express Credit Corporation
Medium-Term Senior Notes, Series F
Due Nine Months or More from Date of Issue

We may offer from time to time our medium-term senior notes, Series F, to which we refer as the notes. The final terms of
each note offered will be included in a pricing supplement. Unless a pricing supplement states otherwise, the notes offered will have
the following general terms:

·
The notes will mature nine months or more from the date of issue.

·
The notes will bear interest at either a fixed or a floating rate. Floating rate interest will be based on:

·
Commercial Paper Rate;

·
Federal Funds Rate;

·
LIBOR;

·
EURIBOR;

·
Prime Rate;

·
Treasury Rate; or

·
Any other rate specified in the applicable pricing supplement.

·
The notes may be indexed in which payments of interest or principal may be linked to the price of one or more securities,

currencies, commodities or other goods.

·
Fixed rate interest will be paid on the dates stated in the applicable pricing supplement.

·
Floating rate interest will be paid on the dates stated in the applicable pricing supplement.

·
The notes will be held in global form through The Depository Trust Company, unless otherwise specified.

·
The notes may be either redeemed by us or repaid at your option if specified in the applicable pricing supplement.

·
The notes will be denominated in U.S. dollars unless another currency is specified in the applicable pricing supplement and will

have minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof, unless otherwise specified in the
applicable pricing supplement.

Discounts and
Proceeds to

Price to Public
Commissions

Us

Per Note (1)
100%
0.010% - 0.750%
99.250% - 99.990%

(1) Unless a pricing supplement states otherwise.

You should carefully consider the information under "Risk Factors" contained in the accompanying prospectus as well
as the risk factors contained in other documents incorporated by reference into this prospectus supplement.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of
these securities, or determined if this prospectus supplement or the accompanying prospectus is truthful or complete. Any
representation to the contrary is a criminal offense.

Offers to purchase the notes are being solicited from time to time by the agents listed below. The agents have agreed to use their
reasonable efforts to sell the notes. There is no established trading market for the notes and there can be no assurance that a secondary
market for the notes will develop.

Barclays
Mischler Financial Group, Inc.
BNY Mellon Capital Markets, LLC
Mizuho Securities
BofA Merrill Lynch
MUFG
CastleOak Securities, L.P.
Ramirez & Co., Inc.
Citigroup
RBC Capital Markets
Credit Suisse
RBS
Deutsche Bank Securities
SMBC Nikko
Goldman, Sachs & Co.
TD Securities
HSBC
UBS Investment Bank
J.P. Morgan
US Bancorp
Lebenthal & Co., LLC
Wells Fargo Securities
Lloyds Securities
The Williams Capital Group, L.P.

May 13, 2015

Table of Contents

TABLE OF CONTENTS

Page

Prospectus Supplement

Where You Can Find More Information
S-1
Incorporation of Certain Documents by Reference
S-1
Summary of the Offering
S-2
Important Currency Information
S-3
Use of Proceeds of the Notes
S-4
Description of Notes
S-5
Plan of Distribution
S-7
Legal Matters
S-11
Experts
S-12

Prospectus

About this Prospectus
i
Where You Can Find More Information
ii
Incorporation of Certain Documents By Reference
ii
Forward-Looking Statements
1
Risk Factors
3
The Company
7
Use of Proceeds
10
Description of Debt Securities
11
Description of Warrants
32
ERISA Considerations
33
Taxation
35
Plan of Distribution
44
Legal Matters
47
Experts
48

We are responsible for the information contained in this prospectus supplement, the accompanying prospectus and the
applicable pricing supplement as well as the information incorporated by reference. We have not, and the agents have not, authorized
anyone to provide you with information that is different, and we take no responsibility for any other information that others may give
you. This prospectus supplement may only be used where it is legal to sell these notes. The information incorporated by reference or
contained in this prospectus supplement or the accompanying prospectus may only be accurate on the date of the relevant incorporated
document or of this prospectus supplement, as the case may be.

Table of Contents

WHERE YOU CAN FIND MORE INFORMATION

As required by the Securities Act of 1933, as amended, to which we refer as the Securities Act, we filed a registration
statement on Form S-3 (No. 333-204124), to which we refer as the registration statement, relating to the notes we are offering by this
prospectus supplement and the accompanying prospectus. The registration statement includes additional information.

We file annual, quarterly and current reports and other information with the Securities and Exchange Commission, or the SEC.
Our SEC filings are available to the public from the SEC's website at http://www.sec.gov. You may also read and copy any document
we file, including the registration statement, at the SEC's public reference facilities at 100 F Street, N.E., Room 1580, Washington,
D.C. 20549. Please call the SEC at 1-800-SEC-0330 for further information about the operation of the public reference room.

INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE

The SEC allows us to incorporate by reference the information we file with the SEC, which means that we can disclose
important information to you by referring you to those documents. The information we incorporate by reference is considered to be
part of this prospectus supplement.

Any reports filed by us with the SEC after the date of the accompanying prospectus and before the date that the offering of the
securities by means of this prospectus supplement is terminated will automatically update and, where applicable, supersede any
information contained in this prospectus supplement and the accompanying prospectus or incorporated by reference in this prospectus
supplement or the accompanying prospectus. This means that you must look at all of the SEC filings that we incorporate by reference
to determine if any of the statements in this prospectus supplement and the accompanying prospectus or in any documents previously
incorporated by reference have been modified or superseded. We incorporate by reference into this prospectus the following
documents filed with the SEC (other than, in each case, documents or information deemed furnished and not filed in accordance with
the SEC rules, including pursuant to Item 2.02 or Item 7.01 of Form 8-K, and no such information shall be deemed specifically
incorporated by reference hereby or in any accompanying prospectus or applicable pricing supplement):

·
Annual Report on Form 10-K for the year ended December 31, 2014.

·
Quarterly Report on Form 10-Q for the quarter ended March 31, 2015.

·
All documents filed by us under Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, as amended,

on or after the date of this prospectus supplement and before the date that the offering of the securities by means of this
prospectus supplement is terminated.

You may request a copy of these filings, at no cost, by writing or telephoning us at the following address or number:

American Express Credit Corporation
200 Vesey Street
New York, New York 10285
Attention: President
(212) 640-2000

S-1

Table of Contents

SUMMARY OF THE OFFERING

This summary provides a brief overview of the terms of the offered notes. For a more complete understanding of the terms of
the offered notes, before making your investment decision, you should carefully read:

·
This prospectus supplement, which updates and changes information in the accompanying prospectus;

·
The accompanying prospectus, which (1) provides an overview of us and certain aspects of our business, (2) explains the

general terms of debt securities that we may offer and (3) explains certain terms of the notes that may be offered;

·
The applicable pricing supplement, which (1) contains the specific terms of the notes being offered and (2) updates and

changes information in the accompanying prospectus and/or this prospectus supplement; and

·
The documents referred to in "Where You Can Find More Information" and "Incorporation of Certain Documents by

Reference" above for information on us and for our financial statements.

General Terms of the Notes

We may offer from time to time the Series F notes described in this prospectus supplement. We refer to the offering of the
notes as our medium-term note program. The following summary describes the notes we are offering under this program in general
terms only.

·
The notes will mature nine months or more from the date of issuance and will pay interest, if any, on the dates specified in

the applicable pricing supplement.

·
The notes will bear interest at either a fixed rate, which may be zero in the case of notes issued at an original issue discount,

or a floating rate.

·
The notes will be issued in U.S. dollars, unless we specify otherwise in the applicable pricing supplement.

·
The notes may be either redeemed by us or repaid at your option, if specified in the applicable pricing supplement.

·
Payments of principal and/or interest on the notes may be linked to prices, changes in prices, or differences between prices,

of currencies, commodities, securities, baskets of securities, or indices based on other price, economic or other measures as
are described in the applicable pricing supplement.

·
We may issue amortizing notes that pay both interest and principal prior to the maturity of the notes.

·
The notes will not be listed on any securities exchange, unless we specify otherwise in the applicable pricing supplement.

Forms of the Notes

Unless otherwise specified in the applicable pricing supplement, the notes that we offer under our medium-term note program
will only be issued in fully registered form and will be represented by global securities registered in the name of a nominee of The
Depository Trust Company, to which we refer as the DTC, as depositary under the indenture governing the notes, except under certain
circumstances set forth in the indenture in which the global notes may be exchanged for certificates issued in definitive form. We refer
you to "Description of Debt Securities--Global Securities and Global Clearance and Settlement Procedures" in the accompanying
prospectus for information on DTC's book-entry system.

S-2

Table of Contents

IMPORTANT CURRENCY INFORMATION

Purchasers are required to pay for each note in the specified currency specified by us for that note. If requested by a
prospective purchaser of notes having a specified currency other than U.S. dollars, the agent soliciting the offer to purchase may at its
discretion arrange for the conversion of U.S. dollars into such specified currency to enable the purchaser to pay for such notes. Each
such conversion will be made by the relevant agent on such terms and subject to such conditions, limitations and charges that the
agent may from time to time establish in accordance with its regular foreign exchange practices. The purchaser must pay all costs of
exchange.

S-3

Table of Contents

USE OF PROCEEDS OF THE NOTES

Unless otherwise indicated in the applicable pricing supplement, we will add the net proceeds from the sale of the securities to
our general funds, which we will use for financing our operations, including the purchase of receivables, the repayment of senior debt
and/or subordinated debt incurred primarily to finance the purchase of receivables and for investment in short-term and medium-term
financial assets.

We expect to incur additional debt in the future to carry on our business. The nature and amount of our short-term, medium-
term and long-term debt and the proportionate amount of each can be expected to fluctuate as a result of market conditions and other
factors.

S-4

Table of Contents

DESCRIPTION OF NOTES

The following description of the particular notes supplements the description of the general terms and provisions of the debt
securities set forth in the accompanying prospectus. If any specific information regarding the notes in this prospectus supplement is
inconsistent with the more general terms of the debt securities described in the accompanying prospectus, you should rely on the
information in this prospectus supplement.

The pricing supplement for each offering of notes will contain the specific information and terms for that offering. If any
information in the applicable pricing supplement, including any changes in the method of calculating interest on any note, is
inconsistent with this prospectus supplement, you should rely on the information in the applicable pricing supplement. The applicable
pricing supplement may also add, update or change information contained in the accompanying prospectus and this prospectus
supplement. It is important for you to consider the information contained in the accompanying prospectus, this prospectus supplement
and the applicable pricing supplement in making your investment decision.

General

We will issue the notes under the indenture described in the accompanying prospectus, dated as of June 9, 2006, between us
and The Bank of New York Mellon (formerly known as The Bank of New York), as trustee. We may from time to time sell additional
series of debt securities, including additional series of medium-term senior notes. See "Plan of Distribution."

In this prospectus supplement, the accompanying prospectus and in any pricing supplement, unless otherwise specified or the
context otherwise requires, references to "dollars," "$" and "U.S.$" are to United States dollars.

We will offer the notes on a continuous basis and the notes will mature nine months or later from their date of issue, as
specified in an applicable pricing supplement. Floating rate notes will mature on an interest payment date.

Unless otherwise specified for notes denominated in a currency other than U.S. dollars or as otherwise specified in an
applicable pricing supplement, we will issue notes only in fully registered form in denominations of $2,000 and integral multiples of
$1,000 in excess thereof. The notes will be denominated in U.S. dollars and payments of principal of and premium, if any, and interest
on the notes will be made in U.S. dollars, unless we provide otherwise in a pricing supplement. If any of the notes are to be
denominated in a foreign currency or currency unit, or if the principal of and premium, if any, and any interest on any of the notes is to
be payable at your option or at our option in a currency, including a currency unit, other than that in which such notes are
denominated, we will provide additional information pertaining to such notes in the pricing supplement.

Unless we specify otherwise in an applicable pricing supplement, the notes will be issued in book-entry form only through the
facilities of DTC and will be registered in the name of the nominee of DTC. Transfers or exchanges of the notes may only be effected
through a participating member of DTC. So long as DTC or its nominee is the registered owner of a note, DTC or its nominee, as the
case may be, will be considered the sole owner or holder of the note for all purposes under the indenture. Except as set forth under
"Description of Debt Securities--Global Securities and Global Clearance and Settlement Procedures" in the accompanying
prospectus, no note issued in book-entry form will be issuable in certificated form.

In the pricing supplement relating to each note we will describe the following terms:

·
the currency in which such note will be denominated (and, if such currency is other than U.S. dollars, certain other terms

relating to such note, including the authorized denominations);

·
whether such note is a fixed rate note or a floating rate note;

S-5

Table of Contents

·
the issue price (expressed as a percentage of the aggregate principal amount thereof), which is the price of the note at

issuance;

·
the date on which such note will be issued;

·
the date on which such note will mature;

·
if such note is a fixed rate note, the annual rate at which the note will bear interest, if any;

·
if such note is a floating rate note, the interest rate basis, the initial interest rate, the interest reset dates, the interest payment

dates, the index maturity, the maximum interest rate and the minimum interest rate, if any, and the spread and/or spread
multiplier, if any (all of these terms are described in the accompanying prospectus), and any other terms relating to the
particular method of calculating the interest rate for such note;

·
whether such note may be redeemed at our option or repaid at your option prior to the maturity date, and, if so, the

provisions relating to such redemption or repayment; and

·
any other terms of such notes not inconsistent with the provisions of the indenture.

We refer to the accompanying prospectus for additional information relating to the calculation of interest rates on the notes.

Concerning the Trustee

The Bank of New York Mellon, the trustee under the indenture provides corporate trust services to us. In addition, affiliates of
the trustee provide substantial investment banking, bank and corporate trust services and extend credit to our affiliate, the American
Express Company and many of its subsidiaries. We and our affiliates may have other customary banking relationships (including other
trusteeships) with the trustee.

S-6

Table of Contents

PLAN OF DISTRIBUTION

Under the terms of an agency agreement, dated as of May 13, 2015, we will offer the notes on a continuous basis through
Barclays Capital Inc., BNY Mellon Capital Markets, LLC, CastleOak Securities, L.P., Citigroup Global Markets Inc., Credit Suisse
Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman, Sachs & Co., HSBC Securities (USA) Inc., J.P. Morgan Securities
LLC, Lebenthal & Co., LLC, Lloyds Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Mischler Financial
Group, Inc., Mitsubishi UFJ Securities (USA), Inc., Mizuho Securities USA Inc., RBC Capital Markets, RBS Securities Inc., LLC,
Samuel A. Ramirez & Company, Inc., SMBC Nikko Securities America Inc., TD Securities (USA) LLC, UBS Securities LLC, U.S.
Bancorp Investments, Inc., Wells Fargo Securities, LLC, and The Williams Capital Group, L.P., as agents. Each of the agents has
agreed to use its reasonable efforts to solicit offers to purchase the notes. We will pay each agent a commission of from 0.010% to
0.750% of the principal amount of each note sold through the agent. We will have the sole right to accept offers to purchase notes and
we may reject any such offer, in whole or in part. Each agent shall have the right, in its discretion reasonably exercised, without notice
to us, to reject any offer to purchase notes received by it, in whole or in part. We reserve the right to sell notes directly on our own
behalf, in which case no commission will be payable to an agent.

We may also sell the notes to an agent as principal for its own account at discounts to be agreed upon at the time of sale. That
agent may resell these notes to investors and other purchasers at a fixed offering price or at prevailing market prices, or prices related
thereto at the time of resale or otherwise, as that agent determines and as we will specify in the applicable pricing supplement. An
agent may offer the notes it has purchased as principal to other dealers. That agent may sell the notes to any dealer at a discount and,
unless otherwise specified in the applicable pricing supplement, the discount allowed to any dealer will not be in excess of the
discount that agent will receive from us. After the initial public offering of notes that an agent is to resell (in the case of notes to be
resold at a fixed public offering price), the agent may change the public offering price, the concession and the discount.

Unless otherwise provided in the applicable pricing supplement, we do not intend to apply for the listing of the notes on a
national securities exchange, but have been advised by the agents that they intend to make a market in these securities, as applicable
laws and regulations permit. The agents are not obligated to do so, however, and the agents may discontinue making a market at any
time without notice. No assurance can be given as to the liquidity of any trading market for these securities.

The agents and their respective affiliates are full service financial institutions engaged in various activities, which may include
sales and trading, commercial and investment banking, advisory, investment management, investment research, principal investment,
hedging, market making, brokerage and other financial and non-financial activities and services. Certain of the agents and their
respective affiliates have provided, and may in the future provide, a variety of these services to us and our affiliates, including
American Express Company, for which they received or will receive customary fees and expenses. In addition, in the ordinary course
of their various business activities, the agents and their respective affiliates, officers, directors and employees may purchase, sell or
hold a broad array of investments and actively trade debt and equity securities (or related derivative securities), loans, commodities,
currencies, credit default swaps and other financial instruments for their own account and for the accounts of their customers. Such
investments and trading activities may involve or relate to assets, securities and/or instruments of ours (directly, as collateral securing
other obligations or otherwise) or our affiliates. If any of the agents or their affiliates have a lending relationship with us, certain of
those agents or their affiliates routinely hedge, and certain other of those agents may hedge, their credit exposure to us consistent with
their customary risk management policies. Typically, these agents and their affiliates would hedge such exposure by entering into
transactions which consist of either the purchase of credit default swaps or the creation of short positions in our securities, including
potentially the notes offered hereby. Any such credit default swaps or short positions could adversely affect future trading prices of the
notes offered hereby. The agents and their respective affiliates may also communicate independent investment recommendations,
market color or trading ideas and/or publish or express independent research views in respect of such assets, securities or financial
instruments and may at any time hold, or recommend to clients that they should acquire, long and/or short positions in such assets,
securities and instruments.

S-7

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To the extent that the proceeds of any offering of the notes are used to repay indebtedness owed to affiliates of the agents, such
offerings will be made pursuant to Rule 5110 of the Financial Industry Regulatory Authority, Inc. One of the agents for the notes,
BNY Mellon Capital Markets, LLC, is an affiliate of the trustee.

In connection with this offering, agents may purchase and sell notes in the open market. These transactions may include over-
allotment, syndicate covering transactions and stabilizing transactions. Over-allotment involves sales of notes in excess of the
principal amount of notes to be purchased by the agents in this offering, which creates a short position for the agents. Covering
transactions involve purchases of the notes in the open market after the distribution has been completed in order to cover short
positions. Stabilizing transactions consist of certain bids or purchases of notes made for the purpose of preventing or retarding a
decline in the market price of the notes while the offering is in progress. Any of these activities may have the effect of preventing or
retarding a decline in the market price of the notes. They may also cause the price of the notes to be higher than the price that
otherwise would exist in the open market in the absence of these transactions. The agents may conduct these transactions in the over-
the-counter market or otherwise. If the agents commence any of these transactions, they may discontinue them at any time. The agents
also may impose a penalty bid. This occurs when a particular agent repays to the agents a portion of the discount received by it
because the representatives have repurchased notes sold by or for the account of such agent in stabilizing or short covering
transactions.

This prospectus has been prepared on the basis that, except to the extent sub-paragraph (ii) below may apply, any offer of
notes in any Member State of the European Economic Area which has implemented the Prospectus Directive (each, a "Relevant
Member State") will be made pursuant to an exemption under the Prospectus Directive, as implemented in that Relevant Member
State, from the requirement to publish a prospectus for offers of notes. Accordingly any person making or intending to make an offer
in that Relevant Member State of notes which are the subject of an offering contemplated in this prospectus as completed by final
terms in relation to the offer of those notes may only do so (i) in circumstances in which no obligation arises for the issuer or any
dealer to publish a prospectus pursuant to Article 3 of the Prospectus Directive or supplement a prospectus pursuant to Article 16 of
the Prospectus Directive, in each case, in relation to such offer, or (ii) if a prospectus for such offer has been approved by the
competent authority in that Relevant Member State or, where appropriate, approved in another Relevant Member State and notified to
the competent authority in that Relevant Member State and (in either case) published, all in accordance with the Prospectus Directive,
provided that any such prospectus has subsequently been completed by final terms which specify that offers may be made other than
pursuant to Article 3(2) of the Prospectus Directive in that Relevant Member State and such offer is made in the period beginning and
ending on the dates specified for such purpose in such prospectus or final terms , as applicable, and the Company has consented in
writing to its use for the purpose of such offer . Except to the extent sub-paragraph (ii) above may apply, neither the issuer nor any
dealer have authorized, nor do they authorize, the making of any offer of notes in circumstances in which an obligation arises for the
issuer or any dealer to publish or supplement a prospectus for such offer.

For the purposes of this provision, the expression "Prospectus Directive" means Directive 2003/71/EC (as amended, including
by Directive 2010/73/EU), and includes any relevant implementing measure in each Relevant Member State.

This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or
(ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order
2005 (the "Order") or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within
Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). Any notes will only be
available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such notes will be engaged in only
with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

Each agent may be deemed to be an "underwriter" within the meaning of the Securities Act. We have agreed to indemnify
each agent against liabilities under the Securities Act, or contribute to payments which the agents may be requested to make in that
respect. We will reimburse the agents for customary legal and other expenses incurred by them in connection with the offer and sale of
the notes.

S-8