American Express launches public offering of Series E preferred depositary shares

• American Express launched a proposed public offering of depositary shares tied to a new series of Fixed Rate Reset Noncumulative Preferred Shares, Series E.
• Proceeds earmarked for general corporate purposes, including a potential partial or full redemption of its outstanding 3.550% Fixed Rate Reset Noncumulative Preferred Shares, Series D.
• Pricing, closing, any Series D redemption, size, and timing remain subject to market conditions and other factors.

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