AmEx raises $1.6B via Series E preferred; to redeem Series D on Sept 15

AMERICAN EXPRESS CO

Issued 1,600,000 depositary shares (each 1/1,000th interest) of 6.450% Fixed Rate Reset Noncumulative Preferred Shares, Series E.
Each Series E preferred share has $1,000,000 liquidation preference; equivalent $1,000 per depositary share.
Plans to redeem all Series D preferred (3.550%) on Sept 15, 2026 at $1,000 per depositary share plus unpaid dividends.
Dividend restrictions on common/parity preferred if Series E dividends are not fully declared and paid.

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