other material
confidence high
sentiment neutral
materiality 0.40
American Express launches proposed public offering of new preferred shares to redeem existing Series D preferred
AMERICAN EXPRESS CO
- Proposed offering of depositary shares representing 1/1,000th interest in new Fixed Rate Reset Noncumulative Preferred Shares, Series E.
- Net proceeds intended to partially or fully redeem outstanding 3.550% Fixed Rate Reset Noncumulative Preferred Shares, Series D.
- Pricing and closing subject to market conditions; no assurance offering will price or close.
- Preliminary prospectus supplement filed with SEC on August 5, 2026.