<SEC-DOCUMENT>0001104659-23-111143.txt : 20231024
<SEC-HEADER>0001104659-23-111143.hdr.sgml : 20231024
<ACCEPTANCE-DATETIME>20231024172327
ACCESSION NUMBER:		0001104659-23-111143
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20231024
DATE AS OF CHANGE:		20231024

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN EXPRESS CO
		CENTRAL INDEX KEY:			0000004962
		STANDARD INDUSTRIAL CLASSIFICATION:	FINANCE SERVICES [6199]
		IRS NUMBER:				134922250
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-253057
		FILM NUMBER:		231343463

	BUSINESS ADDRESS:	
		STREET 1:		200 VESEY STREET
		STREET 2:		50TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10285
		BUSINESS PHONE:		2126402000

	MAIL ADDRESS:	
		STREET 1:		200 VESEY STREET
		STREET 2:		50TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10285

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN EXPRESS CO
		CENTRAL INDEX KEY:			0000004962
		STANDARD INDUSTRIAL CLASSIFICATION:	FINANCE SERVICES [6199]
		IRS NUMBER:				134922250
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		200 VESEY STREET
		STREET 2:		50TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10285
		BUSINESS PHONE:		2126402000

	MAIL ADDRESS:	
		STREET 1:		200 VESEY STREET
		STREET 2:		50TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10285
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>tm2328897d3_fwp.htm
<DESCRIPTION>FWP
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B>Issuer Free Writing Prospectus<BR>
Filed pursuant to Rule 433<BR>
Registration No. 333-253057</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">$2,500,000,000</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">AMERICAN EXPRESS COMPANY</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">$1,200,000,000 6.338% Fixed-to-Floating
Rate Notes due October 30, 2026</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">$1,000,000,000 6.489% Fixed-to-Floating
Rate Notes due October 30, 2031</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">$300,000,000 Floating Rate Notes due October
30, 2026</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><BR>
<U>Terms and Conditions Applicable to all Notes</U></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%; padding-right: 5.75pt; padding-bottom: 10pt; padding-left: 5.75pt"><B>Issuer:</B></TD>
    <TD STYLE="width: 55%; padding-right: 5.75pt; padding-bottom: 10pt; padding-left: 5.75pt">American Express Company</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 10pt; padding-left: 5.75pt"><B>Expected Ratings<SUP>(1)</SUP>:</B></TD>
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 10pt; padding-left: 5.75pt">A2/BBB+/A (Stable/Stable/Stable) (Moody&rsquo;s/S&amp;P/Fitch)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 10pt; padding-left: 5.75pt"><B>Ranking:</B></TD>
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 10pt; padding-left: 5.75pt">Senior Unsecured</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 10pt; padding-left: 5.75pt"><B>Trade Date:</B></TD>
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 10pt; padding-left: 5.75pt">October 24, 2023</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 10pt; padding-left: 5.75pt"><B>Settlement Date:</B></TD>
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 10pt; padding-left: 5.75pt">October 30, 2023 (T+4). Pursuant to Rule 15c6-1 under the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes on any date prior to two business days before delivery will be required, by virtue of the fact that the Notes are initially expected to settle in T+4, to specify alternative settlement arrangements to prevent a failed settlement.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 10pt; padding-left: 5.75pt"><B>Total Net Proceeds to American Express Company:</B></TD>
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 10pt; padding-left: 5.75pt">$2,493,750,000 (before expenses)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 10pt; padding-left: 5.75pt"><B>Listing:</B></TD>
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 10pt; padding-left: 5.75pt">The Notes will not be listed on any exchange.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 10pt; padding-left: 5.75pt"><B>Minimum Denominations/Multiples:</B></TD>
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 10pt; padding-left: 5.75pt">Minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 10pt; padding-left: 5.75pt"><B>Joint Book-Running Managers:</B></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">RBC Capital Markets, LLC</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Citigroup Global Markets Inc.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Morgan Stanley &amp; Co. LLC</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 10pt; padding-left: 5.75pt"><B>Co-Managers:</B></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Lloyds Securities Inc.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Samuel A. Ramirez &amp; Company, Inc.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SMBC Nikko Securities America, Inc.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">TD Securities (USA) LLC</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%; padding-right: 5.75pt; padding-bottom: 10pt; padding-left: 5.75pt"><B>Junior Co-Managers:</B></TD>
    <TD STYLE="width: 55%; padding-right: 5.75pt; padding-left: 5.75pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Drexel Hamilton, LLC</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mischler Financial Group, Inc.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>Terms and Conditions Applicable to the 6.338%
Fixed-to-Floating Rate Notes due October 30, 2026</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; width: 45%"><B>Maturity Date:</B></TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; width: 55%">October 30, 2026</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><B>Par Amount:</B></TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">$1,200,000,000</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><B>Benchmark Treasury:</B></TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">UST 5.000% due September 30, 2025</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><B>Benchmark Treasury Price and Yield:</B></TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">99-26 <SUP>3</SUP>/<SUB>4</SUB>; 5.088%</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><B>Re-offer Spread to Benchmark:</B></TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">+125 bps</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><B>Re-offer Yield:</B></TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">6.338%</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><B>Interest Rates:</B></TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">The Notes will bear interest (i) during the Fixed Rate Period at a fixed
rate per annum equal to 6.338%, and (ii) during the Floating Rate Period at a floating rate per annum equal to Compounded SOFR
(determined in accordance with the provisions set forth in the preliminary prospectus supplement (as defined below)) plus
1.330%.</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><B>Fixed Rate Period:</B></TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">From, and including, the Settlement Date to, but excluding, October 30, 2025</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><B>Floating Rate Period:</B></TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">From, and including, October 30, 2025 to, but excluding, the Maturity Date</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><B>Public Offering Price:</B></TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">100.000%</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><B>Underwriters&rsquo; Discount:</B></TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">0.150%</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><B>Net Proceeds to American Express Company:</B></TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">$1,198,200,000 (before expenses)</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><B>Interest Payment Dates:</B></TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">(i) During the Fixed Rate Period, April 30 and October 30 of each year, beginning April 30, 2024 and ending on October 30, 2025, and (ii) during the Floating Rate Period, January 30, April 30, July 30 and October 30, beginning January 30, 2026 and ending on the Maturity Date, in each case as further described in the preliminary prospectus supplement.</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%; padding-right: 5.75pt; padding-left: 5.75pt"><B>Interest Periods:</B></TD>
    <TD STYLE="width: 55%; padding-right: 5.75pt; padding-left: 5.75pt">Semi-annually in arrears during the Fixed Rate Period and quarterly in arrears during the Floating Rate Period</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><B>Floating Rate Interest Determination Dates:</B></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">Two U.S. Government Securities Business Days (as defined in the preliminary prospectus supplement) preceding each Floating Rate Interest Payment Date (or in the final Floating Rate Interest Period, preceding the Maturity Date, or in the case of the redemption of any Notes, preceding the redemption date).</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><B>Day Count:</B></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Fixed Rate Period: 30 / 360</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Floating Rate Period: Actual / 360</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><B>Optional Redemption:</B></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">(i) In whole but not in part on October 30, 2025 or (ii) in whole or in part during the 31-day period prior to the Maturity Date, in each case at a redemption price equal to the principal amount of the Notes being redeemed, together with any accrued and unpaid interest thereon to, but excluding, the date fixed for redemption.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><B>CUSIP:</B></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">025816 DL0</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><B>ISIN:</B></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">US025816DL03</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>Terms and Conditions Applicable to the 6.489%
Fixed-to-Floating Rate Notes due October 30, 2031</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; width: 45%"><B>Maturity Date:</B></TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; width: 55%">October 30, 2031</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><B>Par Amount:</B></TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">$1,000,000,000</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><B>Benchmark Treasury:</B></TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">UST 4.625% due September 30, 2030</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><B>Benchmark Treasury Price and Yield:</B></TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">98-24; 4.839%</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><B>Re-offer Spread to Benchmark:</B></TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">+165 bps</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><B>Re-offer Yield:</B></TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">6.489%</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><B>Interest Rates:</B></TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">The Notes will bear interest (i) during the Fixed Rate Period at a fixed rate per annum equal to 6.489%, and (ii) during the Floating Rate Period at a floating rate per annum equal to Compounded SOFR (determined in accordance with the provisions set forth in the preliminary prospectus supplement) plus 1.940%.</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
<TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%; padding-right: 5.75pt; padding-left: 5.75pt"><B>Fixed Rate Period:</B></TD>
    <TD STYLE="width: 55%; padding-right: 5.75pt; padding-left: 5.75pt">From, and including, the Settlement Date to, but excluding, October 30, 2030</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><B>Floating Rate Period:</B></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">From, and including, October 30, 2030 to, but excluding, the Maturity Date</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><B>Public Offering Price:</B></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">100.000%</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><B>Underwriters&rsquo; Discount:</B></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">0.400%</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><B>Net Proceeds to American Express Company:</B></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">$996,000,000 (before expenses)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><B>Interest Payment Dates:</B></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">(i) During the Fixed Rate Period, April 30 and October 30 of each year, beginning April 30, 2024 and ending on October 30, 2030, and (ii) during the Floating Rate Period, January 30, April 30, July 30 and October 30, beginning January 30, 2031 and ending on the Maturity Date, in each case as further described in the preliminary prospectus supplement.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><B>Interest Periods:</B></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">Semi-annually in arrears during the Fixed Rate Period and quarterly in arrears during the Floating Rate Period</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><B>Floating Rate Interest Determination Dates:</B></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">Two U.S. Government Securities Business Days (as defined in the preliminary prospectus supplement) preceding each Floating Rate Interest Payment Date (or in the final Floating Rate Interest Period, preceding the Maturity Date, or in the case of the redemption of any Notes, preceding the redemption date).</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><B>Day Count:</B></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Fixed Rate Period: 30 / 360</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Floating Rate Period: Actual / 360</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><B>Optional Redemption:</B></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">(i) In whole but not in part on October 30, 2030 or (ii) in whole or in part during the 60-day period prior to the Maturity Date, in each case at a redemption price equal to the principal amount of the Notes being redeemed, together with any accrued and unpaid interest thereon to, but excluding, the date fixed for redemption.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><B>CUSIP:</B></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">025816 DN6</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt"><B>ISIN:</B></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">US025816DN68</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Terms and Conditions Applicable to the
Floating Rate Notes due <FONT STYLE="font-size: 10pt">October 30, 2026</FONT></U></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt"><B>Maturity Date:</B></TD>
    <TD STYLE="width: 55%; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt">October 30, 2026</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt"><B>Par Amount:</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt">$300,000,000</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt"><B>Base Rate:</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt">Compounded SOFR (as determined in accordance with the provisions set forth in the preliminary prospectus supplement)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt"><B>Spread:</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt">+135 bps</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt"><B>Public Offering Price:</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt">100.000%</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt"><B>Underwriters&rsquo; Discount:</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt">0.150%</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt"><B>Net Proceeds to American Express Company:</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt">$299,550,000 (before expenses)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt"><B>Interest Payment Dates:</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt">January 30, April 30, July 30 and October 30 of each year, beginning January 30, 2024, as further described in the preliminary prospectus supplement.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt"><B>Interest Periods:</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt">Quarterly. The initial period will be the period from, and including the Settlement Date to, but excluding, January 30, 2024, the initial Interest Payment Date. The subsequent interest periods will be the periods from, and including the applicable Interest Payment Date to, but excluding, the next Interest Payment Date or the Maturity Date, as applicable.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt"><B>Interest Determination Dates:</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt">Two U.S. Government Securities Business Days (as defined in the preliminary prospectus supplement) preceding each Interest Payment Date (or in the final Interest Period, preceding the Maturity Date, or in the case of the redemption of any Notes, preceding the redemption date).</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt"><B>Day Count:</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt">Actual / 360</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt"><B>Optional Redemption:</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt">(i) In whole but not in part on October 30, 2025 or (ii) in whole or in part during the 31-day period prior to the Maturity Date, in each case at a redemption price equal to the principal amount of the Notes being redeemed, together with any accrued and unpaid interest thereon to, but excluding, the date fixed for redemption.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt"><B>CUSIP:</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt">025816 DM8</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt"><B>ISIN:</B></TD>
    <TD STYLE="width: 55%; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt">US025816DM85</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>(1)</SUP> 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The issuer has filed a registration statement (including a base prospectus
dated February 12, 2021) and a preliminary prospectus supplement, dated October 24, 2023 (the &ldquo;preliminary prospectus supplement&rdquo;),
with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration
statement, the preliminary prospectus supplement 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 website 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
RBC Capital Markets, LLC at 1-866-375-6829, Citigroup Global Markets Inc. at 1-800-831-9146 and Morgan Stanley &amp; Co. LLC at 1-866-718-1649.</P>

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