AMERICAN EXPRESS ISSUES ADDITIONAL NOTICE REGARDING 1.85% CONVERTIBLE DEBENTURES
NEW YORK, December 04, 2006 -- American Express Company announced today that the cash interest rate (the “reset rate”) on the 1.85% convertible debentures due 2033, which were successfully remarketed on December 1, 2006, was reset to three-month LIBOR plus 11.435 basis points, equal to 5.48373% for the period from December 1, 2006 to March 5, 2007. The remarketed notes were sold to investors at a price of 100.05% of the principal amount of the notes plus accrued interest from December 1, 2006 to but excluding December 6, 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.
