AMERICAN EXPRESS PRICES $500 MILLION PUBLIC EQUITY OFFERING OF COMMON STOCK
NEW YORK, June 02, 2009 -- American Express announced today that it has priced a public offering of 19,801,981 shares of its common stock at a price to the public of $25.25 per share for total gross proceeds of approximately $500 million. American Express has also granted the underwriters a 30-day option to purchase an additional 2,970,296 shares of its common stock.
A registration statement relating to the common stock has been filed with and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the common stock in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Before you invest, you should read the prospectus in the registration statement and other documents American Express has filed with the SEC for more complete information about American Express and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, a copy of the final prospectus relating to the offering (when available) may be obtained by contacting Goldman, Sachs & Co., 85 Broad Street, New York, New York 10004, Telephone: 1-866-471-2526.
The information presented in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be expressed in a variety of ways, including the use of future or present tense language. These statements are based upon current beliefs and expectations and are subject to significant risks and uncertainties (some of which are beyond the company's control). Factors that could cause the company's results to differ materially can be found in the risk factors set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2008, the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2009, the prospectus relating to the offering and the Company's other filings with the SEC.
