0001193125-18-077562.txt : 20180309 0001193125-18-077562.hdr.sgml : 20180309 20180309172016 ACCESSION NUMBER: 0001193125-18-077562 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20180309 DATE AS OF CHANGE: 20180309 GROUP MEMBERS: AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST GROUP MEMBERS: AMERICAN EXPRESS RECEIVABLES FINANCING CORP IV LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN EXPRESS RECEIVABLES FINANCING CORP III LLC CENTRAL INDEX KEY: 0001283434 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-205964-01 FILM NUMBER: 18681106 BUSINESS ADDRESS: STREET 1: 4135 SOUTH 2700 WEST CITY: SALT LAKE CITY STATE: UT ZIP: 84184 BUSINESS PHONE: 8015655023 MAIL ADDRESS: STREET 1: 4135 SOUTH 2700 WEST CITY: SALT LAKE CITY STATE: UT ZIP: 84184 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN EXPRESS RECEIVABLES FINANCING CORP III LLC CENTRAL INDEX KEY: 0001283434 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 4135 SOUTH 2700 WEST CITY: SALT LAKE CITY STATE: UT ZIP: 84184 BUSINESS PHONE: 8015655023 MAIL ADDRESS: STREET 1: 4135 SOUTH 2700 WEST CITY: SALT LAKE CITY STATE: UT ZIP: 84184 FWP 1 d547318dfwp.htm FWP FWP

Filed pursuant to Rule 433

Registration Nos.: 333-205964, 333-205964-01 and 333-205964-02

 

LOGO   

Free Writing Prospectus, dated March 9, 2018

 

American Express Credit Account Master Trust

Issuing Entity

 

SERIES 2018-3

 

$400,000,000* Class A Floating Rate Asset Backed Certificates

  $14,944,000* Class B Floating Rate Asset Backed Certificates

 

American Express Receivables Financing Corporation III LLC

American Express Receivables Financing Corporation IV LLC

Depositors and Transferors

 

American Express Travel Related Services Company, Inc.

Servicer

 

American Express Centurion Bank

American Express Bank, FSB

Sponsors

  

The depositors and transferors have prepared a preliminary prospectus dated March 9, 2018 which describes the certificates to be issued by the issuing entity. You should review the preliminary prospectus in its entirety before deciding to purchase any of the certificates.

 

* Subject to increase or decrease as further described in the preliminary prospectus.

Ratings

The depositors and transferors expect that the certificates issued by the issuing entity will receive the indicated ratings from the nationally recognized statistical rating organizations, or “rating agencies,” listed below.

 

    

Fitch
Ratings, Inc.

            

Moody’s Investors
Service, Inc.

Class A certificates

  

AAAsf

         Aaa (sf)

Class B certificates

  

A+sf

         Aa2 (sf)

It is a condition to the issuance of the certificates that each class of certificates receive the ratings listed above, except that the minimum required rating of the Class B certificates by each of Fitch Ratings, Inc. and Moody’s Investors Service, Inc. is Asf and A2 (sf), respectively.

A rating addresses the likelihood of the payment of interest on a certificate when due and the ultimate payment of principal of that certificate by its legal maturity date. A rating does not address the likelihood of payment of principal of a certificate on its expected final payment date. In addition, a rating does not address the likelihood of early payment or acceleration of a certificate, which could be caused by a pay-out event. A rating is not a recommendation to buy, sell or hold certificates and may be subject to revision, withdrawal or qualification at any time by the assigning rating agency. Each rating is based on the corresponding rating agency’s independent evaluation of the receivables and the availability of any credit enhancement for the certificates. Ratings will be monitored by the applicable rating agencies while the certificates are outstanding and, in certain instances described in the preliminary prospectus, the depositors and transferors or their affiliates may from time to time request the applicable rating agencies to confirm their ratings with respect to the certificates. A rating, or a change, withdrawal or qualification of a rating, by one rating agency will not necessarily correspond to a rating, or a change, withdrawal or qualification of a rating, from any other rating agency.

Underwriters of the Class A certificates

Barclays       Mizuho Securities
RBC Capital Markets     Wells Fargo Securities

[]

 

[]

  []        

[]

 

[]

  []        

Underwriters of the Class B certificates**

Barclays      

Mizuho Securities

RBC Capital Markets     Wells Fargo Securities

The depositors and transferors have filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) (SEC File No. 333-205964) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositors have filed with the SEC for more complete information about the depositors, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositors and transferors, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling 1-800-326-5897 or by emailing WFSCustomerService@wellsfargo.com.

 

** All or a portion of the Class B certificates may be purchased directly by an affiliate of the transferors. There will be no underwriting arrangement for any Class B certificates purchased directly by that affiliate.
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