Every 424B that American Express Company (AXP) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow AXP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AXP filings page.
American Express Company is conducting a primary offering of 1,600,000 depositary shares, each representing a 1/1,000th interest in a Series E 6.450% Fixed Rate Reset Noncumulative Preferred Share with a $1,000 liquidation preference per depositary share, totaling $1.6 billion of liquidation preference. The public offering price is $1,000 per depositary share, with a $10 underwriting discount and $990 in proceeds to the issuer before expenses; net proceeds are estimated at about $1.58 billion.
Dividends are noncumulative and payable quarterly, when and if declared, at 6.450% per year until September 15, 2031, then reset every five years to the five-year U.S. Treasury rate plus 2.119%. The shares are perpetual, rank senior to common stock and equal to Series D preferred, and may be redeemed at $1,000 per depositary share on any dividend date on or after September 15, 2031 or following a Regulatory Capital Event, subject to Federal Reserve approval. The depositary shares will not be listed on any securities exchange. Net proceeds are intended for general corporate purposes, including potentially redeeming outstanding Series D Preferred Shares.
American Express Company plans a primary offering of depositary shares, each representing a 1/1,000th interest in a new Series E perpetual Fixed Rate Reset Noncumulative Preferred Share. Each preferred share has a $1,000,000 liquidation preference, equivalent to $1,000 per depositary share.
Dividends are discretionary, paid quarterly when and if declared, at a fixed rate until a first reset date in 2031, and thereafter at the five‑year U.S. Treasury rate plus a spread. Dividends are noncumulative: missed dividends do not accrue. The shares are perpetual, redeemable at the issuer’s option on dividend dates on or after the reset date, or earlier upon a Regulatory Capital Event, in each case at liquidation value plus any declared but unpaid dividends, subject to Federal Reserve approval.
The preferred ranks senior to common stock and pari passu with the outstanding 3.550% Series D preferred for dividends and liquidation, and is intended to qualify as non‑common Tier 1 capital under Basel III. Net proceeds are expected to be used for general corporate purposes, including potential partial or full redemption of the Series D preferred. The depositary shares will not be listed on any securities exchange, and investors face typical risks of bank‑regulatory limits on dividends and redemptions, noncumulative dividends, limited voting rights, and potential illiquidity.
American Express Company is offering €750,000,000 of 3.835% fixed-to-floating rate senior notes due June 16, 2034. The notes pay 3.835% annually during the fixed period through June 16, 2033, then float at three-month EURIBOR plus 0.906% through maturity. The offering price is 100.000% and the underwriters’ discount is 0.400%.
The notes are senior unsecured obligations, payable in euros, issued in minimum denominations of €100,000, and may be redeemed under specified par, make-whole and tax-event provisions. Net proceeds are estimated at approximately €746,350,000 for general corporate purposes.
American Express Company is offering $1,750,000,000 principal amount of 4.444% fixed-to-floating rate notes due May 3, 2030. Interest is fixed at 4.444% through May 3, 2029, then resets to Compounded SOFR + 0.811% for the remaining year. Delivery is expected on May 4, 2026. Net proceeds are estimated at approximately $1.74 billion and will be used for general corporate purposes. The notes are senior unsecured, rank equal to other senior unsecured debt, are not listed on an exchange and will be issued in book-entry form through DTC.
American Express Company is offering $500,000,000 principal amount of 5.412% fixed-to-fixed rate subordinated notes due February 8, 2041. The notes pay 5.412% until February 8, 2036, then reset every period to the U.S. Treasury rate plus 1.150%, with semi-annual interest.
The price to the public is 100.000% of principal, with a 0.450% underwriting discount, resulting in gross proceeds of $497,750,000 before expenses and estimated net proceeds of about $497 million. The company plans to use the proceeds for general corporate purposes and to create Tier 2 capital under Basel III.
These subordinated notes rank junior to American Express’s senior indebtedness and equal to other subordinated debt, and may be redeemed at par in specified periods, including around the tenth anniversary and upon certain regulatory capital events. For 2025, American Express reported net income of $10.8 billion, up 7%, and diluted earnings per share of $15.38, up 10% from 2024, on revenues of $72.2 billion, up 10%.
American Express is issuing $3.0 billion of senior unsecured notes, expecting net proceeds of about $2.99 billion for general corporate purposes. The offer includes $1.35 billion of 4.009% fixed‑to‑floating notes due 2029, $1.0 billion of 4.456% fixed‑to‑floating notes due 2032, and $650 million of floating‑rate notes due 2029, all tied to Compounded SOFR in their floating periods. The company can redeem each series at par in specified windows and via make‑whole provisions for the fixed‑to‑floating tranches. American Express also reports solid 2025 results, with net income of $10.8 billion (up 7%) and diluted EPS of $15.38 (up 10%), on revenue of $72.2 billion, up 10% from 2024.