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American Express offering $850M of 3.125% notes

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American Express offering $850M of 3.125% notes

American Express Co. is offering $850 million of 3.125% senior unsecured notes due 2026.

Interest on the notes will be paid May 20 and Nov. 20 each year, beginning Nov. 20, 2019. American Express expects proceeds, before expenses, of $844.3 million.

American Express 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.

Barclays Capital Inc., BofA Securities Inc., HSBC Securities (USA) Inc. and Wells Fargo Securities LLC are acting as joint book-running managers.

Lloyds Securities Inc., MUFG Securities Americas Inc., SMBC Nikko Securities America Inc., Standard Chartered Bank and TD Securities (USA) LLC are acting as co-managers for the offering. Westpac Capital Markets LLC and The Williams Capital Group LP are acting as junior co-managers.