American Express in $850 Million Preferred Stock Offering

March 2, 2015

Cleary Gottlieb represented American Express in a registered offering of 850,000 Depositary Shares, each representing a 1/1,000th interest in a share of 4.900% Fixed Rate / Floating Rate Non-Cumulative Perpetual Preferred Stock ($1,000 liquidation preference per Depositary Share). The offering was underwritten by a syndicate of underwriters led by Barclays Capital, Citigroup Global Markets, Credit Suisse Securities, RBC Capital Markets and Wells Fargo Securities. The offering launched and priced on February 25, 2015 and closed on March 2, 2015.

American Express Company is a global services company that provides customers with access to products, insights and experiences that enrich lives and build business success. Its principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses around the world.