American Express Proposes Public Offering of Preferred Shares

American Express Company announced a proposed public offering of depositary shares, each representing a 1/1,000th interest in a new series of Fixed Rate Reset Noncumulative Preferred Shares, Series E. The company intends to use the net proceeds for general corporate purposes, including the partial or full redemption of its outstanding 3.550% Fixed Rate Reset Noncumulative Preferred Shares, Series D. The pricing of the offering and any redemption are subject to market conditions and other factors.