Issuer Free Writing Prospectus 
Filed pursuant to Rule 433 
Registration No. 333-207239




2.200% NOTES DUE OCTOBER 30, 2020




Terms and Conditions






American Express Company




Expected Ratings(1):


A3/BBB+/A (Stable/Stable/Stable) (Moody’s/S&P/Fitch)






Senior unsecured




Trade Date:


October 23, 2017




Settlement Date:


October 30, 2017 (T+5 days). Under Rule 15c6-1 of 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 the date hereof or the next two business days will be required, because the Notes initially will settle in T+5, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. If you wish to trade the Notes on the date hereof or the next two business days, you should consult your own advisors.




Maturity Date:


October 30, 2020




Par Amount:






Benchmark Treasury:


1.625% due October 15, 2020




Benchmark Treasury Price and Yield:


99-25+; 1.695%




Re-offer Spread to Benchmark:


+55 bps




Re-offer Yield:












Public Offering Price:






Underwriters’ Commission:






Net Proceeds to American Express:


$1,494,300,000 (before expenses)



Interest Payment Dates:


The 30th of each April and October, beginning April 30, 2018




Day Count:


30 / 360






American Express Company may redeem the notes, in whole or in part, on or after the date that is 31 days prior to the Maturity Date at a redemption price equal to the principal amount of the notes being redeemed, together with any accrued and unpaid interest thereon to the date fixed for redemption. The notes may be redeemed prior to the date that is 31 days prior to the maturity date if certain events occur involving United States taxation






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
















Joint Book-Running Managers:


Barclays Capital Inc.



Deutsche Bank Securities Inc.



Mizuho Securities USA LLC



RBC Capital Markets, LLC



Wells Fargo Securities, LLC






Lloyds Securities Inc.

MUFG Securities Americas Inc.

RBS Securities Inc.

TD Securities (USA) LLC

U.S. Bancorp Investments, Inc.




Junior Co-Managers:


Castle Oak Securities, L.P.

Drexel Hamilton, LLC

RedTail Capital Markets, LLC

R. Seelaus & Co., Inc.


(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.


The issuer has filed a registration statement (including a base prospectus dated October 2, 2015) and a preliminary prospectus supplement, dated October 23, 2017, 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 Web site at  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, Mizuho Securities USA LLC at 1-866-271-7403, RBC Capital Markets, LLC at 1-866-375-6829, or Wells Fargo Securities, LLC at 1-800-645-3751.