0001104659-14-043430.txt : 20140623 0001104659-14-043430.hdr.sgml : 20140623 20140602181128 ACCESSION NUMBER: 0001104659-14-043430 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20140603 DATE AS OF CHANGE: 20140602 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN EXPRESS CREDIT CORP CENTRAL INDEX KEY: 0000004969 STANDARD INDUSTRIAL CLASSIFICATION: SHORT-TERM BUSINESS CREDIT INSTITUTIONS [6153] IRS NUMBER: 111988350 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-182197 FILM NUMBER: 14885436 BUSINESS ADDRESS: STREET 1: ONE CHRISTINA CENTRE 301 N WALNUT STREET STREET 2: SUITE 1002 CITY: WILMINGTON STATE: DE ZIP: 19801-2919 BUSINESS PHONE: 3025943350 MAIL ADDRESS: STREET 1: ONE CHRISTINA CENTRE 301 N WALNUT STREET STREET 2: SUITE 1002 CITY: WILMINGTON STATE: DE ZIP: 19801-2919 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN EXPRESS CREDIT CORP CENTRAL INDEX KEY: 0000004969 STANDARD INDUSTRIAL CLASSIFICATION: SHORT-TERM BUSINESS CREDIT INSTITUTIONS [6153] IRS NUMBER: 111988350 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: ONE CHRISTINA CENTRE 301 N WALNUT STREET STREET 2: SUITE 1002 CITY: WILMINGTON STATE: DE ZIP: 19801-2919 BUSINESS PHONE: 3025943350 MAIL ADDRESS: STREET 1: ONE CHRISTINA CENTRE 301 N WALNUT STREET STREET 2: SUITE 1002 CITY: WILMINGTON STATE: DE ZIP: 19801-2919 FWP 1 a14-14602_1fwp.htm FWP

 

 

Issuer Free Writing Prospectus Filed Pursuant to Rule 433

 

Registration Statement No. 333-182197

 

American Express Credit Corporation
$1,650,000,000

1.125% Fixed Rate Senior Notes Due June 5, 2017

 

Terms and Conditions

 

Issuer:

American Express Credit Corporation

Security Type:

Medium Term Notes, Series E

Ranking:

Senior, Unsecured

Expected Ratings(1):

Moody’s:
Standard & Poor’s:

Fitch:

A2 (Stable Outlook)

A- (Stable Outlook)

A+ (Stable Outlook)

Trade Date:

June 2, 2014

Settlement Date:

June 5, 2014 (T+3 days)

Maturity Date:

June 5, 2017

Aggregate Principal Amount:

$1,650,000,000

Benchmark Treasury:

0.875% due May 15, 2017

Benchmark Treasury Price and Yield:

100-06.25; 0.808%

Re-offer Spread to Benchmark:

+40 bp

Re-offer Yield:

1.208%

Coupon:

1.125%

Public Offering Price:

99.756%

Underwriters’ Commission:

0.25%

Net Proceeds:

$1,641,849,000 (before expenses)

Interest Payment Dates:

Interest on the notes is payable on June 5 and December 5 of each year, beginning December 5, 2014. If the interest payment date falls on a day that is not a Business Day, interest will be paid on the next succeeding Business Day

Day Count:

30/360

Early Redemption:

The notes may not be redeemed prior to maturity

Listing:

The notes will not be listed on any exchange

Minimum Denominations / Multiples:

Minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof

CUSIP:

0258M0DM8

ISIN:

US0258M0DM88

Joint Book-Running Managers:

Barclays Capital Inc.

Deutsche Bank Securities Inc.

Goldman, Sachs & Co.

Wells Fargo Securities, LLC

Co-Managers:

Mitsubishi UFJ Securities (USA), Inc.

Mizuho Securities USA Inc.

nabSecurities, LLC

Standard Chartered Bank

Junior Co-Managers:

Mischler Financial Group, Inc.

The Williams Capital Group, L.P.

 

Standard Chartered Bank will not effect any offers or sales of any notes in the United States unless it is through one or more U.S. registered broker-dealers as permitted by the regulations of FINRA.

 

Notice to Canadian Investors — Each purchaser of these securities that is resident in Canada or otherwise subject to the requirements of Canadian securities laws in connection with its purchase will be deemed to have represented and warranted to the issuer and the underwriters that it is an “accredited investor” as defined in National Instrument 45-106 Prospectus and Registration Exemptions of the Canadian Securities Administrators and, if relying on subsection (m) of the definition of that term, is not a person created or being used solely to purchase or hold securities as an accredited investor, and that it is either purchasing the securities as principal for its own account or is deemed to be purchasing the securities as principal by applicable law.   Each such purchaser further acknowledges that the securities have not been and will not be qualified for sale to the public under applicable Canadian securities laws and that any resale of the securities must be made in accordance with, or pursuant to an exemption from, or in a transaction not subject to, the prospectus requirements of those laws.

 

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Barclays Capital Inc. at (888) 603-5847, Deutsche Bank Securities Inc. at (800) 503-4611, Goldman, Sachs & Co. at 1-866-471-2526 or Wells Fargo Securities, LLC at 1-800-326-5897 or email cmclientsupport@wellsfargo.com.

 

(1) An explanation of the significance of ratings may be obtained from the rating agencies. Generally, rating agencies base their ratings on such material and information, and such of their own investigations, studies and assumptions, as they deem appropriate. The rating of the notes should be evaluated independently from similar ratings of other securities. A credit rating of a security is not a recommendation to buy, sell or hold securities and may be subject to review, revision, suspension, reduction or withdrawal at any time by the assigning rating agency.