Obbligazione AmeriExpress 3% ( US025816CB30 ) in USD

AmeriExpress

100 USD ▼

Stati Uniti

US025816CB30 ( in USD )

3% per anno ( pagato 2 volte l'anno)

21/02/2021 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione American Express US025816CB30 in USD 3%, scaduta

2 000 USD

750 000 000 USD

025816CB3

BBB+ ( Lower medium grade - Investment-grade )

A3 ( Upper medium grade - Investment-grade )

American Express è una società multinazionale di servizi finanziari che offre carte di credito, carte di debito, servizi di trasferimento di denaro e altri prodotti finanziari a clienti individuali e aziende in tutto il mondo.

Il presente articolo fornisce un'analisi dettagliata di una specifica emissione obbligazionaria di American Express, una delle più grandi e rinomate società di servizi finanziari a livello globale, con una solida reputazione nel settore delle carte di credito, dei servizi di viaggio e delle soluzioni di pagamento; tale obbligazione, identificata dal codice ISIN US025816CB30 e dal codice CUSIP 025816CB3, è stata emessa dagli Stati Uniti e denominata in Dollari Statunitensi (USD), con un tasso d'interesse nominale del 3% e una dimensione totale dell'emissione pari a 750.000.000 USD, prevedendo un lotto minimo di acquisto di 2.000 USD e una frequenza di pagamento degli interessi semestrale; è fondamentale sottolineare che questa obbligazione, con data di scadenza fissata al 21 febbraio 2021, è già giunta a maturità ed è stata integralmente rimborsata agli investitori al 100% del suo valore nominale, riflettendo la solvibilità dell'emittente la cui solidità creditizia era attestata da importanti agenzie di rating, con Standard & Poor's che le attribuiva un rating di BBB+ e Moody's che le assegnava un rating di A3.

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TABLE OF CONTENTS
TABLE OF CONTENTS

CALCULATION OF REGISTRATION FEE

Title of Each Class of Securities
Maximum Aggregate
Amount of
to be Registered

Offering Price

Registration Fee(1)(2)

3.000% Notes due February 22, 2021

$750,000,000

$90,900

3.400% Notes due February 22, 2024

$1,250,000,000

$151,500

Total

$2,000,000,000

$242,400

(1)
Calculated in accordance with Rule 457(r) under the Securities Act of 1933, as amended.

(2)
This "Calculation of Registration Fee" table shall be deemed to update the "Calculation of Registration Fee" table in the
Company's Registration Statement on Form S-3 (File No. 333-223581) in accordance with Rules 456(b) and 457(r) under the
Securities Act of 1933, as amended.
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Table of Contents
Filed Pursuant to Rule 424(b)(2)
Registration Number 333-223581
PROSPECTUS SUPPLEMENT
(To Prospectus Dated March 12, 2018)
$2,000,000,000
American Express Company

$750,000,000 3.000% Notes due February 22, 2021
$1,250,000,000 3.400% Notes due February 22, 2024
We are offering $750,000,000 principal amount of our 3.000% notes due February 22, 2021, or the 2021 fixed rate notes, and
$1,250,000,000 principal amount of our 3.400% notes due February 22, 2024, or the 2024 fixed rate notes. In this prospectus supplement,
we refer to the 2021 fixed rate notes and the 2024 fixed rate notes collectively as the notes.
We will pay interest on the notes semi-annually in arrears on February 22 and August 22 of each year, beginning August 22, 2019.
The 2021 fixed rate notes will mature on February 22, 2021 and the 2024 fixed rate notes will mature on February 22, 2024.
We may redeem the notes, in whole or in part, on or after the date that is 31 days prior to the maturity date at a redemption price equal
to the principal amount of the notes being redeemed, together with any accrued and unpaid interest thereon to the date fixed for
redemption. We may not redeem the notes prior to the date that is 31 days prior to the maturity date except upon the occurrence of a Tax
Event (as defined under the heading "Description of Notes--Optional Redemption--Redemption Upon a Tax Event"). The notes will be
our senior unsecured obligations and will rank prior to all of our present and future subordinated indebtedness and on an equal basis with
all of our other present and future senior unsecured indebtedness.
We will not list the notes on any exchange.
We will only issue the notes in book-entry form registered in the name of a nominee of The Depository Trust Company, New York,
New York, or DTC. Beneficial interests in the notes will be shown on, and transfers of such interests will be made only through, records
maintained by DTC and its participants, including Clearstream Banking, societe anonyme, and Euroclear Bank SA/NV, as operator of the
Euroclear system. Except as described in this prospectus supplement, we will not issue notes in definitive form.
The underwriters are offering the notes for sale in those jurisdictions both inside and outside the United States where it is lawful to
make such offers.
Investing in the notes involves risks. You should carefully consider the information under "Risk Factors" included in this
prospectus supplement, on page 2 of the accompanying prospectus and on page 15 of our Annual Report on Form 10-K for the
year ended December 31, 2018 incorporated herein by reference.

Underwriting
Discounts and
Proceeds to

Price to Public(1)

Commissions

the Company(1)(2)

Per 2021 fixed rate note

99.900%
0.150%

99.750%

Total for 2021 fixed rate notes

$749,250,000
$1,125,000

$748,125,000

Per 2024 fixed rate note

99.886%

0.350%

99.536%

Total for 2024 fixed rate notes

$1,248,575,000
$4,375,000

$1,244,200,000

(1)
Plus accrued interest, if any, from February 22, 2019.

(2)
Before offering expenses.
Delivery of the notes will be made on or about February 22, 2019.
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Neither the Securities and Exchange Commission, or the SEC, 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.
Joint Book-Running Managers
Credit
Goldman
Mizuho
Citigroup
Suisse

Sachs & Co. LLC

Securities
Co-Managers
NatWest
Lloyds Securities
MUFG
Markets

TD Securities
US Bancorp
Junior Co-Managers

CastleOak Securities, L.P.
Drexel Hamilton

The date of this prospectus supplement is February 19, 2019.
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TABLE OF CONTENTS
Prospectus Supplement

Page

About this Prospectus Supplement
S-1

Summary
S-3

Risk Factors
S-6

Cautionary Statement Regarding Forward-Looking Information
S-8

Use of Proceeds
S-9

Description of Notes
S-10

Taxation
S-15

Underwriting
S-16

Where You Can Find More Information
S-20

Incorporation of Certain Documents by Reference
S-20

Legal Matters
S-21

Experts
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Prospectus

Page
About this Prospectus

ii

Where You Can Find More Information

ii

Incorporation of Certain Documents by Reference

ii

Forward-Looking Statements

iv

The Company

1

Risk Factors

2

Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

7

Use of Proceeds

8

Description of Debt Securities

9

Description of Preferred Shares

31

Description of Depositary Shares

33

Description of Common Shares

34

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Description of Securities Warrants
36

Description of Other Warrants

37

ERISA Considerations

38

Taxation

40

Plan of Distribution

50

Legal Matters

52

Experts

52
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ABOUT THIS PROSPECTUS SUPPLEMENT
This document is in two parts. The first part is this prospectus supplement, which describes the specific terms of the notes that we are
offering and other matters relating to us and our financial condition. The second part is the accompanying prospectus, which gives more
general information about securities we may offer from time to time, some of which does not apply to the notes that we are offering. The
description of the terms of the notes contained in this prospectus supplement supplements the description under "Description of Debt
Securities" in the accompanying prospectus, and to the extent it is inconsistent with that description, the information in this prospectus
supplement replaces the information in the accompanying prospectus. Generally, when we refer to the prospectus, we are referring to both
parts of this document combined. If information in this prospectus supplement differs from information in the accompanying prospectus,
you should rely on the information in the prospectus supplement.
When we use the terms "American Express," the "Company," "we," "us" or "our" in this prospectus supplement, we mean American
Express Company and its subsidiaries, on a consolidated basis, unless we state or the context implies otherwise.
We are responsible only for the information contained in or incorporated by reference into this prospectus supplement, the
accompanying prospectus, the documents incorporated by reference herein and therein and any related free writing prospectus issued or
authorized by us. Neither we nor the underwriters have authorized anyone to provide you with any other information, and we and the
underwriters take no responsibility for any other information that others may give you. We and the underwriters are offering to sell the
notes only under the circumstances and in jurisdictions where offers and sales are permitted. The information incorporated by reference
into or contained in this prospectus supplement and the accompanying prospectus is accurate only as of the date on the front of those
documents, regardless of the time of delivery of those documents or any sale of the notes.
To the extent the offer of the notes contemplated by this prospectus supplement and the accompanying prospectus is made in any
Member State of the European Economic Area ("EEA"), the offer is only addressed to qualified investors in that Member State within the
meaning of the Prospectus Directive or has been or will be made otherwise in circumstances that do not require us or the underwriters to
publish a prospectus pursuant to the Prospectus Directive.
This prospectus supplement has been prepared on the basis that any offer of notes in any Member State of the European Union will be
made pursuant to an exemption under the Prospectus Directive from the requirement to publish a prospectus for offers of notes.
Accordingly any person making or intending to make any offer within the EEA of notes which are the subject of the offer contemplated in
this prospectus supplement may only do so in circumstances in which no obligation arises for us 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. We have not authorized the making of any offer (other than Permitted Public Offers) of notes in circumstances in
which an obligation arises for us to publish or supplement a prospectus for such offer.
This prospectus supplement and the accompanying prospectus are only being distributed to and are 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"). The
notes are only 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 prospectus supplement and the
accompanying prospectus or any of their respective contents.
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The notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made
available to any retail investor in the EEA. For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as
defined in point (11) of Article 4(1) of MiFID II; or (ii) a customer within the meaning of Directive 2002/92/EC (as amended, the
"Insurance Mediation Directive"), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of
MiFID II; or (iii) not a qualified investor as defined in Directive 2003/71/EC (as amended, the "Prospectus Directive"). Consequently no
key information document required by Regulation (EU) No 1286/2014 (as amended, the "PRIIPs Regulation") for offering or selling the
notes or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the notes or
otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation.
The distribution of this prospectus supplement and the accompanying prospectus and the offering of the notes in certain jurisdictions
may be restricted by law. Persons into whose possession this prospectus supplement and the accompanying prospectus come should inform
themselves about and observe any such restrictions. This prospectus supplement and the accompanying prospectus do not constitute, and
may not be used in connection with, an offer or solicitation by anyone in any jurisdiction in which such offer or solicitation is not
authorized or in which the person making such offer or solicitation is not qualified to do so or to any person to whom it is unlawful to
make such offer or solicitation.
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SUMMARY
The following summary highlights selected information included in or incorporated by reference into this prospectus
supplement and the accompanying prospectus. It does not contain all of the information that you should consider before making an
investment decision. You should carefully read this prospectus supplement and the accompanying prospectus in its entirety,
including the documents incorporated by reference in the foregoing documents, especially the risks of investing in our notes
discussed under the heading "Risk Factors" included in this prospectus supplement, on page 2 of the accompanying prospectus and
on page 15 of our Annual Report on Form 10-K for the year ended December 31, 2018, and other information incorporated by
reference into this prospectus supplement and the accompanying prospectus, which are described under "Incorporation of Certain
Documents by Reference" in this prospectus supplement and the accompanying prospectus.

The Company
American Express is a globally integrated payments company that provides customers with access to products, insights and
experiences that enrich lives and build business success. Our principal products and services are charge and credit card products and
travel-related services offered to consumers and businesses around the world.
We and our principal operating subsidiary, American Express Travel Related Services Company, Inc., are bank holding
companies under the Bank Holding Company Act of 1956, as amended, subject to supervision and examination by the Board of
Governors of the Federal Reserve System.
Our range of products and services includes:
·
Charge card, credit card and other payment and financing products

·
Merchant acquisition and processing, servicing and settlement, and point-of-sale marketing and information
products and services for merchants

·
Network services

·
Other fee services, including fraud prevention services and the design and operation of customer loyalty programs

·
Expense management products and services

·
Travel-related services
Our various products and services are sold globally to diverse customer groups through various channels, including mobile and
online applications, third-party vendors and business partners, direct mail, telephone, in-house sales teams and direct response
advertising.
Our general-purpose card network, card-issuing and merchant-acquiring and processing businesses are global in scope. We are
a world leader in providing charge and credit cards to consumers, small businesses, mid-sized companies and large corporations.
These cards include cards issued by American Express as well as cards issued by third-party banks and other institutions that are
accepted by merchants on the American Express network. American Express® cards permit Card Members to charge purchases of
goods and services at the millions of merchants around the world that accept cards bearing our logo. At December 31, 2018, we had
total worldwide cards-in-force of 114.0 million (including cards issued by third parties). For the year ended December 31, 2018, our
worldwide billed business (spending on American Express® cards, including cards issued by third parties) was $1,184.0 billion.
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The Offering
Issuer
American Express Company.

Offered Securities
$750,000,000 initial aggregate principal amount of 3.000%
Notes due February 22, 2021, or the 2021 fixed rate notes.

$1,250,000,000 initial aggregate principal amount of 3.400%
Notes due February 22, 2024, or the 2024 fixed rate notes.

Maturity Dates
The 2021 fixed rate notes will mature on February 22, 2021.

The 2024 fixed rate notes will mature on February 22, 2024.

Interest Rates and Payment Dates
The 2021 fixed rate notes will bear interest at the rate of
3.000% per annum payable semi-annually in arrears on
February 22 and August 22 of each year, beginning
August 22, 2019.

The 2024 fixed rate notes will bear interest at the rate of
3.400% per annum payable semi-annually in arrears on
February 22 and August 22 of each year, beginning
August 22, 2019.

Redemption
We may redeem each series of notes, in whole or in part, on
or after the date that is 31 days prior to the maturity date for
that series at a redemption price equal to the principal
amount of the notes being redeemed, together with any
accrued and unpaid interest thereon to the date fixed for
redemption. We may not redeem the notes prior to the date
that is 31 days prior to the maturity date for that series except
upon the occurrence of a Tax Event (as defined under the
heading "Description of Notes--Optional Redemption--
Redemption Upon a Tax Event").

Markets
The notes are offered for sale in those jurisdictions both
inside and outside the United States where it is lawful to
make such offers. See "Underwriting." Each series of notes is
a new issue of securities with no established trading market.
We have been advised by the underwriters that they presently
intend to make a market for the notes, as permitted by
applicable laws and regulations. The underwriters are not
obligated, however, to make a market for the notes and may
discontinue any market-making at any time at their sole
discretion.
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Minimum
We will issue the notes in minimum denominations of $2,000 and integral multiples
Denomination; of $1,000 in excess thereof, in the form of one or more fully registered global
Form and
certificates for each series, or the global notes, which we will deposit with, or on
Settlement
behalf of, DTC and register in the name of DTC's nominee, Cede & Co., for the
accounts of the participants in DTC, including Euroclear Bank SA/NV, as operator
of the Euroclear system, or Euroclear, and Clearstream Banking, societe anonyme,
or Clearstream.

Beneficial interests in the global notes will be represented through book-entry
accounts of financial institutions acting on behalf of beneficial owners as direct and
indirect participants in DTC. You may choose to hold interests in the global notes
through DTC or through Euroclear or Clearstream if they are participants in such
systems, or indirectly through organizations that are participants in such systems.

Euroclear and Clearstream will hold interests on behalf of their participants through
their respective U.S. depositaries, which in turn will hold such interests in accounts
as participants of DTC. See "Description of Notes--Book-Entry, Delivery and
Form." Initial settlement for the notes will be made in immediately available funds
in U.S. dollars. Secondary market trading between DTC participants of beneficial
interests in the global notes will be settled in immediately available funds using
DTC's Same-Day Funds Settlement System. Secondary market trading of beneficial
interests in the global notes between Clearstream participants and/or Euroclear
participants will settle in immediately available funds.

Withholding Tax
We will pay principal of and interest on the notes beneficially owned by a Non-
United States Holder (as defined under "Certain U.S. Federal Income Tax
Consequences" in the accompanying prospectus) without withholding or deduction
for United States withholding taxes, subject to the requirements and limitations set
forth in this prospectus supplement under "Description of Notes--Payment of
Additional Amounts."

Use of Proceeds
We intend to use the net proceeds from this offering for general corporate purposes.
See "Use of Proceeds."

Trustee
The Bank of New York Mellon.
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