American Express issues $1.75B 4.444% notes
American Express Company issued $1,750,000,000 aggregate principal amount of 4.444% Fixed-to-Floating Rate Notes due May 3, 2030.
Sentiment and the balance of points
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Form Type
8-K
Rhea-AI Filing Summary
American Express Company issued $1,750,000,000 aggregate principal amount of 4.444% Fixed-to-Floating Rate Notes due May 3, 2030. The notes were issued on May 4, 2026 under an existing shelf registration on Form S‑3.
The notes are governed by a senior indenture dated August 1, 2007 with The Bank of New York Mellon as trustee, as supplemented by first and second supplemental indentures from 2021 and 2023. Related legal opinions and consents from counsel are filed as exhibits.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Notes issued: $1,750,000,000 aggregate principal amount
Coupon rate: 4.444%
Maturity date: May 3, 2030
+3 more
6 metrics
Notes issued
$1,750,000,000 aggregate principal amount
4.444% Fixed-to-Floating Rate Notes due May 3, 2030
Coupon rate
4.444%
Fixed-to-Floating Rate Notes issued May 4, 2026
Maturity date
May 3, 2030
4.444% Fixed-to-Floating Rate Notes
Base prospectus date
February 9, 2024
Prospectus under Registration Statement on Form S-3 No. 333-276975
Prospectus supplement date
April 27, 2026
Supplement covering the 4.444% Fixed-to-Floating Rate Notes
Senior indenture date
August 1, 2007
Indenture between American Express and The Bank of New York Mellon as trustee
Key Terms
Fixed-to-Floating Rate Notes, senior indenture, Prospectus Supplement, Registration Statement on Form S-3, +1 more
5 terms
Fixed-to-Floating Rate Notes financial
"4.444% Fixed-to-Floating Rate Notes due May 3, 2030"
senior indenture financial
"The Notes were issued under a senior indenture, dated as of August 1, 2007"
Prospectus Supplement regulatory
"pursuant to a Prospectus Supplement dated April 27, 2026 to the Prospectus"
A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.
Registration Statement on Form S-3 regulatory
"filed as part of the Company’s Registration Statement on Form S-3 (No. 333-276975)"
A registration statement on Form S‑3 is a short, standardized filing a qualified public company uses to register new securities with regulators so they can be sold to investors; think of it as a pre-approved, reusable permission slip that speeds up future offerings. It matters to investors because it lets the company raise money more quickly and cheaply — which can fund growth or pay debt — but may also lead to share dilution or change in ownership, so it affects value and liquidity.
trustee financial
"between the Company and The Bank of New York Mellon, as trustee"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What type of securities did American Express (AXP) issue in this filing?
American Express issued $1,750,000,000 of 4.444% Fixed-to-Floating Rate Notes due May 3, 2030. These are senior debt securities issued under its existing Form S-3 shelf registration and governed by a long-standing senior indenture with The Bank of New York Mellon as trustee.
What is the size of American Express (AXP)'s new note offering?
The offering consists of $1,750,000,000 aggregate principal amount of notes. This figure represents the total face value of the 4.444% Fixed-to-Floating Rate Notes due May 3, 2030 issued on May 4, 2026 under the company’s existing debt program.
What interest rate applies to American Express (AXP)'s new notes?
The notes carry a 4.444% Fixed-to-Floating Rate coupon. This means the securities pay interest at a fixed 4.444% rate initially, then switch to a floating rate structure as specified in the related prospectus supplement dated April 27, 2026 for this issuance.
When do the new American Express (AXP) notes mature?
The 4.444% Fixed-to-Floating Rate Notes mature on May 3, 2030. Investors holding these notes to maturity are scheduled to receive repayment of principal on that date, in addition to periodic interest payments during the life of the securities as described in the prospectus supplement.
Under what documents were American Express (AXP)'s notes issued?
The notes were issued under a senior indenture dated August 1, 2007 with The Bank of New York Mellon as trustee, supplemented by 2021 and 2023 indentures. They were offered pursuant to a February 9, 2024 prospectus and an April 27, 2026 prospectus supplement under Form S-3.
AI-generated analysis. How Rhea-AI works. Not financial advice.
