Issuer Free Writing Prospectus Filed Pursuant to Rule 433
Registration Statement No. 333-182197
American Express Credit Corporation
$700,000,000
1.550% Fixed Rate Senior Notes Due September 22, 2017
Terms and Conditions
Issuer: |
| American Express Credit Corporation | |
Security Type: |
| Medium Term Notes, Series E | |
Ranking: |
| Senior, Unsecured | |
Expected Ratings(1): |
| Moody’s: | A2 (Stable Outlook) |
|
| Standard & Poor’s: | A- (Stable Outlook) |
|
| Fitch: | A+ (Stable Outlook) |
Trade Date: |
| September 18, 2014 | |
Settlement Date: |
| September 23, 2014 (T+3 days) | |
Maturity Date: |
| September 22, 2017 | |
Aggregate Principal Amount: |
| $700,000,000 | |
Benchmark Treasury: |
| 1.000% due September 15, 2017 | |
Benchmark Treasury Price and Yield: |
| 99-23; 1.096% | |
Re-offer Spread to Benchmark: |
| +50 bps | |
Re-offer Yield: |
| 1.596% | |
Coupon: |
| 1.550% | |
Public Offering Price: |
| 99.866% | |
Underwriters’ Commission: |
| 0.250% | |
Net Proceeds: |
| $697,312,000 (before expenses) | |
Interest Payment Dates: |
| Interest on the notes is payable on March 22 and September 22 of each year, beginning March 22, 2015. The initial interest period is a short coupon. 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: |
| 0258M0DR7 | |
ISIN: |
| US0258M0DR75 | |
Joint Book-Running Managers: |
| Barclays Capital Inc. Credit Suisse Securities (USA) LLC | |
|
| Deutsche Bank Securities Inc. | |
Co-Managers: |
| Lloyds Securities Inc. Mitsubishi UFJ Securities (USA), Inc. SMBC Nikko Securities America, Inc. | |
Junior Co-Managers: |
| Mischler Financial Group, Inc. | |
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, Credit Suisse Securities (USA) LLC at (800) 221-1037, or Deutsche Bank Securities Inc. at (800) 503-4611.
(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.
