Issuer Free Writing Prospectus Filed Pursuant to Rule 433
Registration Statement No. 333-204124
American Express Credit Corporation
$1,750,000,000
2.375% Fixed Rate Senior Notes Due May 26, 2020
Terms and Conditions
Issuer: |
| American Express Credit Corporation |
Security Type: |
| Medium Term Notes, Series F |
Ranking: |
| Senior, Unsecured |
Expected Ratings(1): |
| Moody’s: A2 (Stable Outlook) |
|
| Standard & Poor’s: A- (Stable Outlook) |
|
| Fitch: A+ (Stable Outlook) |
Trade Date: |
| May 20, 2015 |
Settlement Date: |
| May 26, 2015 (T+3 days) |
Maturity Date: |
| May 26, 2020 |
Aggregate Principal Amount: |
| $1,750,000,000 |
Benchmark Treasury: |
| 1.375% due April 30, 2020 |
Benchmark Treasury Price and Yield: |
| 99-06; 1.546% |
Re-offer Spread to Benchmark: |
| +85 bps |
Re-offer Yield: |
| 2.396% |
Coupon: |
| 2.375% |
Public Offering Price: |
| 99.902% |
Underwriters’ Commission: |
| 0.35% |
Net Proceeds: |
| $1,742,160,000 (before expenses) |
Interest Payment Dates: |
| Interest on the notes is payable on May 26 and November 26 of each year, beginning November 26, 2015. 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 be redeemed, in whole or in part, on or after the date that is 31 days prior to maturity date, on at least 30 days’ and no more than 60 days’ prior written notice, at a redemption price equal to 100% of the principal amount of the notes being redeemed, together with any accrued and unpaid interest thereon to, but excluding, the date fixed for redemption |
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: |
| 0258M0DT3 |
ISIN: |
| US0258M0DT32 |
Joint Book-Running Managers: |
| Barclays Capital Inc. |
|
| Deutsche Bank Securities Inc. |
|
| Goldman, Sachs & Co. |
|
| Merrill Lynch, Pierce, Fenner & Smith |
|
| Incorporated |
Co-Managers: |
| Lloyds Securities Inc. |
|
| Mitsubishi UFJ Securities (USA), Inc. |
|
| Mizuho Securities USA Inc. |
|
| TD Securities (USA) LLC |
Junior Co-Managers: |
| CastleOak Securities, L.P. |
|
| Lebenthal & Co., LLC |
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 1-(888) 603-5847, Deutsche Bank Securities Inc. at 1-(800) 503-4611, Goldman, Sachs & Co. at 1-(866) 471-2526 or Merrill Lynch, Pierce, Fenner & Smith Incorporated at 1-(800) 294-1322.
(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.
