AMERICAN EXPRESS ISSUES NOTICE REGARDING 1.85% CONVERTIBLE DEBENTURES
NEW YORK, December 01, 2006 -- American Express Company announced today that it completed the successful remarketing of its 1.85% convertible debentures due 2033. The yield to investors who purchased notes in the remarketing was set at three-month LIBOR plus 0.08%. The Company will release the cash interest rate on the remarketed notes (the “reset rate”) on Monday, December 4, 2006. The next remarketing reset date for the notes will be June 5, 2008.
American Express Company (www.americanexpress.com), founded in 1850, is a global travel, financial and network services provider.
Mike O'Neill
Gabriella Fitzgerald
Contacts:
Robert Glick
212.640.1041
Robert.A.Glick@aexp.com
212.640.5951
Mike.O'Neill@aexp.com
212.640.5711
gabriella.p.fitzgerald@aexp.com
Ronald Stovall
212.640.5574
Ronald.Stoval@aexp.com