アメリカン・エキスプレス・カンパニー 外国会社臨時報告書
| 提出書類 | 外国会社臨時報告書 |
|---|---|
| 提出日 | |
| 提出者 | アメリカン・エキスプレス・カンパニー |
| カテゴリ | 外国会社臨時報告書 |
EDINET提出書類
アメリカン・エキスプレス・カンパニー(E05753)
外国会社臨時報告書
【表紙】
【提出書類】 外国会社臨時報告書
【提出先】 関東財務局長
【提出日】 令和３年８月20日
【会社名】 アメリカン・エキスプレス・カンパニー
(American Express Company)
【代表者の役職氏名】 取締役会会長兼最高経営責任者
(Chairman of the Board and Chief Executive Officer)
ステファン・Ｊ・スケーリ
(Stephen J. Squeri)
【本店の所在の場所】 アメリカ合衆国 10285 ニューヨーク州ニューヨーク市
ベシー・ストリート 200
ワールド・ファイナンシャル・センター
(World Financial Center, 200 Vesey Street
New York, New York 10285, U. S. A.)
【代理人の氏名又は名称】 弁護士 北 澤 正 明
【代理人の住所又は所在地】 東京都千代田区大手町一丁目１番１号 大手町パークビルディ
ング
アンダーソン・毛利・友常法律事務所外国法共同事業
【電話番号】 03(6775)1000
【事務連絡者氏名】 弁護士 岩 永 航
同 堤 彩 香
【連絡場所】 東京都千代田区大手町一丁目１番１号 大手町パークビルディ
ング
アンダーソン・毛利・友常法律事務所外国法共同事業
【電話番号】 03(6775)1000
【縦覧に供する場所】 該当事項なし
(注）
(１) 別段の記載がある場合を除き、本書に記載の「ドル」はアメリカ合衆国ドルを指すものとする。本書に
おいて便宜上記載されている日本円への換算は、１ドル＝109.86円の換算率（令和３年７月28日現在
の株式会社三菱東京UFJ銀行の対顧客電信直物売買相場の中値）により換算されている。
(Note)
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EDINET提出書類
アメリカン・エキスプレス・カンパニー(E05753)
外国会社臨時報告書
1 The term “$” in this document, unless otherwise noted, refers to United States Dollars. For the
convenience of the Japanese readers, conversion into Japanese Yen has been made at the exchange
rate of $1.00 = JPY109.86, Median of Telegraphic Transfer Spot Selling and Buying Exchange Rates
vis- a-vis Customers at The Bank of Tokyo-Mitsubishi UFJ, Ltd. on July 28, 2021.
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アメリカン・エキスプレス・カンパニー(E05753)
外国会社臨時報告書
１ 【提出理由】
アメリカン・エキスプレス・カンパニー は、預託株式の発行を報告するため、金融商品取引法第24条の５第
４項並びに企業内容等の開示に関する内閣府令第19条第１項及び第２項第１号に基づき、以下のとおり本外
国会社臨時報告書を提出いたします。
２ 【報告内容】
1. Depositary Shares
a. Type of securities:
Depositary Shares , each representing a 1/1,000th interest in a share of 3.550% Fixed Rate Reset
Noncumulative Preferred Shares, Series D (the “Preferred Shares”)
b.
(i) Number of the Depositary Shares issued:
1,600,00 0 Depositary Shares
(ii) Issue price and amount incorporated in equity capital:
Issue price: $1,000 (JPY109,860) per Depositary Share
Amount incorporated in equity capital: $1,000,000 (JPY109,860,000) per Preferred Share
(iii) Aggregate issue price and total amount incorporated in equity capital:
Aggregate issue price: $ 1,600,000,000 (JPY 175,776,000,000)
Total amount incorporated in equity capital: $ 1,600,000,000 (JPY 175,776,000,000)
(iv) Contents of the Securities Offered:
Offered Securities
1,600,000 depositary shares representing fractional inter ests in 1,600 Preferred Shares
($1,600,000,000 aggregate liquidation preference), with each Preferred Share having a par value of
$1.662/3 and a liquidation preference of $1,000,000. Each depositary share represents a 1/1,000th
interest in a Preferred Share (equivalent to $1,000 liquidation preference per depositary share).
Each depositary share entitles the holder, through the depositary, to a proportional fractional interest
in a Preferred Share, including dividend, voting, redemption, and liquidation rights.
We may elect from time to time to issue additional depositary shares representing interests in
additional Preferred Shares without notice to, or consent from, the existing holders of depositary
shares, and all those additional depositary shares would be deemed to form a single series with the
depositary shares offered by the prospectus supplement and the accompanying prospectus.
Dividends
We will pay cash dividends on the Preferred Shares, only when, as, and if declared by our
board of directors, or a duly authorized committee of the board, out of funds legally available for
such payments, quarterly in arrears, on the 15th of March, June, September and December of each
year (each, a “dividend payment date”), beginning on September 15, 2021 (i) from the date of
issuance of the Preferred Shares to, but excluding, September 15, 2026 (the “first reset date”), at an
annual rate of 3.550% on the liquidation preference amount of $1,000,000 per Preferred Share
(equivalent to $35.50 per depositary share per year), and (ii) from, and including, the first reset date,
for each reset period, at an annual rate equal to the five-year treasury rate as of the most recent
reset dividend determination date (as described below) plus 2.854% on the liquidation preference
amount of $1,000,000 per Preferred Share. A “reset period” means the period from, and including,
each reset date to, but excluding, the next succeeding reset date, except for the initial reset period,
which will be the period from, and including, the first reset date to, but excluding, the next
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アメリカン・エキスプレス・カンパニー(E05753)
外国会社臨時報告書
succeeding reset date. A “reset date” means the first reset date and each date falling on the fifth
anniversary of the preceding reset date, and “reset dividend determination date” means, in respect
of any reset period, the day that is three business days prior to the beginning of such reset period.
For any reset period beginning on or after the first reset date, the five-year treasury rate will be
determined as follows:
The average of the yields on actively traded U.S. treasury securities adjusted to constant
maturity, for five-year maturities, for the five business days appearing under the caption “Treasury
Constant Maturities” in the most recently published statistical release designated H.15 Daily Update
or any successor publication which is published by the Federal Reserve Board as of 5:00 p.m.
(Eastern Time) as of any date of determination, as determined by the calculation agent in its sole
discretion.
If no calculation is provided as described above, then we will use a substitute or successor rate
that we (or our designee, which we may designate in our sole discretion and which may be an
affiliate of ours) have determined, in our (or such designee’s) sole discretion after consulting any
source we (or such designee) deem to be reasonable, is (i) the industry-accepted substitute or
successor for the five-year treasury rate or (ii) if there is no such industry-accepted substitute or
successor for the five year treasury rate, a substitute or successor rate that is most comparable to
the five-year treasury rate. Upon selection of a substitute or successor rate, we (or such designee)
may determine, in our (or such designee’s) sole discretion after consulting any source we (or such
designee) deem to be reasonable, the day count convention, the business day convention, the
definition of business day, the reset dividend determination date and any other relevant
methodology or definition for calculating such substitute or successor rate, including any adjustment
factor it determines is needed to make such substitute or successor rate comparable to the five-year
treasury rate, in a manner that is consistent with any industry-accepted practices for such substitute
or successor rate. If we or our designee, in our (or such designee’s) sole discretion, are unable to
determine a substitute or successor rate in accordance with the foregoing, then the five-year
treasury rate will be the same rate determined for the prior reset dividend determination date or, if
this sentence is applicable with respect to the first reset date, 0.696%.
The five-year treasury rate will be determined on each reset dividend determination date.
With respect to any dividend period, we will calculate any dividends on the Preferred Shares on
the basis of a 360-day year and the actual number of days elapsed. We will pay dividends to the
holders of record of Preferred Shares as they appear on the stock register on each record date, not
more than 30 days before the applicable dividend payment date, as shall be fixed by our board of
directors or a duly authorized committee of the board. In the event that any dividend payment date is
not a business day (as defined below), then payment of any dividend payable on such date will be
made on the next succeeding business day, and without any interest or other payment in respect of
any such postponement. A “business day” means any day that is not a Saturday or Sunday or any
other day on which banks in New York City are authorized or obligated by law or regulation to close.
Dividends on the Preferred Shares will not be cumulative and will not be mandatory. If a
dividend is not declared on the Preferred Shares for any dividend period (as defined below) prior to
the related dividend payment date, then no dividend will accrue or accumulate for such dividend
period, and we will have no obligation to pay a dividend for that dividend period on the related
dividend payment date or at any time in the future, whether or not dividends are declared on the
Preferred Shares or any other series of our preferred shares or common shares for any future
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アメリカン・エキスプレス・カンパニー(E05753)
外国会社臨時報告書
dividend period. A “dividend period” means the period from, and including, each dividend payment
date to, but excluding, the next succeeding dividend payment date, except for the initial dividend
period, which will be the period from, and including, the date of issuance of the Preferred Shares to,
but excluding, the first dividend payment date on September 15, 2021.
Optional Redemption
The Preferred Shares are perpetual and have no maturity date. We may redeem the Preferred
Shares, (i) in whole or in part, from time to time, in each case on any dividend payment date on or
after the first reset date on September 15, 2026 or (ii) in whole but not in part at any time within 90
days following a Regulatory Capital Event (as defined below), in the case of each clause (i) and (ii)
at a cash redemption price equal to $1,000,000 per Preferred Share (equivalent to $1,000 per
depositary share) plus any declared and unpaid dividends, without accumulation of any undeclared
dividends, to, but excluding, the redemption date. If we redeem the Preferred Shares, the depositary
will redeem a proportionate number of depositary shares.
A “Regulatory Capital Event” means our good faith determination that, as a result of (i) any
amendment to, clarification of, or change in, the laws or regulations of the United States or any
political subdivision of or in the United States that is enacted or becomes effective on or after the
initial issuance of any Preferred Shares, (ii) any proposed amendment to, clarification of, or change
in, those laws or regulations that is announced or becomes effective on or after the initial issuance of
any Preferred Shares, or (iii) any official administrative decision or judicial decision or administrative
action or other official pronouncement interpreting or applying those laws or regulations or policies
with respect thereto that is announced on or after the initial issuance of any Preferred Shares, there
is more than an insubstantial risk that we will not be entitled to treat the full liquidation preference
amount of $1,000,000 per Preferred Share then outstanding as Tier 1 capital (or its equivalent) for
purposes of the capital adequacy guidelines of the Board of Governors of the Federal Reserve
System (the “Federal Reserve”) (or, as and if applicable, the capital adequacy guidelines or
regulations of any successor appropriate federal banking agency) as then in effect and applicable,
for so long as any Preferred Shares are outstanding.
Our right to redeem the Preferred Shares is subject to limitations established by the Federal
Reserve. Under current rules, any redemption of the Preferred Shares will be subject to prior
concurrence or approval of the Federal Reserve. Neither the holders of the Preferred Shares nor the
holders of the depositary shares will have the right to require redemption.
Liquidation Rights
Upon our voluntary or involuntary liquidation, dissolution or winding up, the holders of the
Preferred Shares are entitled to receive out of funds legally available for distribution to shareholders,
before any distribution of assets is made to holders of our common shares or any other shares of
capital stock ranking junior to the Preferred Shares as to such distributions upon our liquidation,
dissolution or winding up, a liquidating distribution of $1,000,000 per Preferred Share (equivalent to
$1,000 per depositary share), plus any declared and unpaid dividends thereon, without accumulation
of any undeclared dividends, from the last dividend payment date to, but excluding, the date of such
voluntary or involuntary liquidation, dissolution or winding up, but only if and to the extent declared.
Distributions will be made only to the extent of assets remaining available after satisfaction of all
liabilities to creditors, subject to the rights of holders of any securities ranking senior to the Preferred
Shares, and pro rata as to the Preferred Shares and any other shares of our capital stock ranking
equally as to such distribution, including the 5.200% Fixed Rate/Floating Rate Noncumulative
Preferred Shares, Series B, $ 1.662/3 par value per share (the “Series B Preferred Stock”) and the
4.900% Fixed Rate/Floating Rate Noncumulative Preferred Shares, Series C, $ 1.662/3 par value
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アメリカン・エキスプレス・カンパニー(E05753)
外国会社臨時報告書
per share (the “Series C Preferred Stock”), to the extent that any shares of either such series are
outstanding at such time.
Voting Rights
None, except (i) as specifically required by the laws of the State of New York; (ii) in the case of
certain dividend non-payments; (iii) with respect to the issuance of our senior capital stock; and (iv)
with respect to changes to our organizational documents that would adversely affect the relative
rights, preferences or limitations of the Preferred Shares. Holders of depositary shares must act
through the depositary to exercise any voting rights.
Ranking
The Preferred Shares will rank senior to our common shares as to distribution of assets upon
our liquidation, dissolution or winding up. The Preferred Shares will rank senior to our common
shares as to payment of dividends insofar as, with respect to any dividend payment date, if full
dividends on the Preferred Shares are not declared and paid, or have been declared but a sum
sufficient for the payment of those dividends has not been set aside, we will not, during the following
dividend period that commences on such dividend payment date, declare or pay any dividend on our
common shares. The Preferred Shares will rank equal with the Series B Preferred Stock and the
Series C Preferred Stock as to the payment of dividends and as to the distribution of assets upon
our liquidation, dissolution or winding up, to the extent that any shares of either such series are
outstanding at such time.
Preemptive and Conversion Rights
None.
c. Issuing method:
Public Offering
d. Names of underwriters:
Citigroup Global Markets Inc.
Credit Suisse Securities (USA) LLC
Barclays Capital Inc.
HSBC Securities (USA) Inc.
RBC Capital Markets, LLC
Wells Fargo Securities, LLC
Lloyds Securities Inc.
MUFG Securities Americas Inc.
NatWest Markets Securities Inc.
TD Securities (USA) LLC
U.S. Bancorp Investments, Inc.
Samuel A. Ramirez & Company, Inc.
Siebert Williams Shank & Co., LLC
e. Place of offering
U.S.A.
f. Total amount of proceeds that the reporting company will obtain and details, amounts and expected
time of expenditure for each use of proceeds:
$ 1,580,000,000 (JPY 173,578,800,000)
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アメリカン・エキスプレス・カンパニー(E05753)
外国会社臨時報告書
Use of proceeds:
Partial or full redemption of the outstanding shares of the Series B Preferred Stock and/or the Series
C Preferred Stock.
g. Date of issuance:
August 3, 2021
h. Name of Exchange where the new Depositary Shares pertain ing to this Report are or are to be listed:
Not Applicable.
i. Details of securities relating to the interests represented in the Depositary Shares:
See b(iv) above.
Remarks:
Depositary, Calculation Agent, Transfer Agent and Registrar
Computershare Inc. (“Computershare”) and Computershare Trust Company, N.A. (“Computershare
Trust”), acting jointly, will serve as depositary. Computershare Trust will serve as calculation agent,
transfer agent, and registrar.
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外国会社臨時報告書
2. Capitalization of the Corporation and Total Number of Issued and Outstanding Shares (as of July 28, 2021)
a. Capitalization of the Corporation
Common Stock: $159,653,594 (JPY17,539,543,837)
b. Total Number of Issued Shares
Number Stock
Classification Features
Class of Shares Par value
Outstanding Exchange
Common
Shares
(standard
type of
shares with
Registered par full voting
Common 798,267,968 $0.20
New York
value
rights and
without any
limitations to
the rights
conferred to
them)
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