Exhibit 1

TERMS AGREEMENT

Debt Securities

February 22, 2018

American Express Company

200 Vesey Street

New York, New York 10285

Attention: Treasurer

Dear Sirs:

We (the “Representative(s)”) understand that American Express Company, a New York corporation (the “Company”), proposes to issue and sell $1,600,000,000 aggregate principal amount of 3.400% Notes due February 27, 2023 (the “Fixed Rate Notes”), $400,000,000 aggregate principal amount of Floating Rate Notes due February 27, 2023 (the “Floating Rate Notes” and together with the Fixed Rate Notes, the “Securities”).  Subject to the terms and conditions set forth herein or incorporated by reference herein, the underwriters named in Schedule I hereto (the “Underwriters”) offer to purchase, severally and not jointly, the principal amount of Securities set forth therein opposite their respective names at 99.559% of the principal amount of the Fixed Rate Notes and 99.650% of the principal amount of the Floating Rate Notes, together with accrued interest, if any, thereon from February 22, 2018 to the Closing Date.  The Closing Date shall be at 9:30 A.M. on February 27, 2018 at the offices of Cleary Gottlieb Steen & Hamilton LLP, Counsel for the Underwriters.

The Securities shall have the terms set forth in Schedule II hereto.

All the provisions contained in the document entitled “American Express Company—Debt Securities—Underwriting Agreement Basic Provisions” and filed with the Commission on October 2, 2015 (the “Basic Provisions”), a copy of which you have previously received, are herein incorporated by reference in their entirety and shall be deemed to be a part of this Terms Agreement, except as provided herein, to the same extent as if the Basic Provisions had been set forth in full herein. Terms defined in the Basic Provisions are used herein as therein defined.

For purposes of the Basic Provisions, “Applicable Time” with respect to this Terms Agreement, shall mean 4:30 P.M., New York City time, on the date of this agreement.

For the purposes of the Basic Provisions, Section 6 (Agreements of the Underwriters) is hereby deleted and replaced in its entirety with the following:

6. Agreements of the Underwriters.  The Underwriters agree that they will comply in all material respects with the selling restrictions set forth in any Preliminary Final Prospectus and any Final Prospectus under the caption “Underwriting”.

For purposes of Section 13 of the Basic Provisions, the address for notices or communications to the Representatives shall be:

in the case of notices to Citigroup Global Markets Inc.:

388 Greenwich Street

New York, New York 10013

Facsimile: (646) 291-1469

Attention: General Counsel

in the case of notices to Credit Suisse Securities (USA) LLC:

Eleven Madison Avenue

New York, New York 10010

Facsimile: (212) 325-4296

Attention: IBCM-Legal

in the case of notices to Goldman Sachs & Co. LLC:

200 West Street

New York, New York 10282

Facsimile: (212) 902-3000

Attention: Registration Department

EU Bank Recovery and Resolution Directive. Notwithstanding and to the exclusion of any other term of this Terms Agreement or the Basic Provisions or any other agreements, arrangements, or understanding between the Company and the BRRD Party, the Company acknowledges and accepts that a BRRD Liability arising under this Agreement may be subject to the exercise of Bail-in Powers by the Relevant Resolution Authority, and acknowledges, accepts, and agrees to be bound by:

(i)                   the effect of the exercise of Bail-in Powers by the Relevant Resolution Authority in relation to any BRRD Liability of the BRRD Party to the Company under this Agreement, that (without limitation) may include and result in any of the following, or some combination thereof:

(A)                                                 the reduction of all, or a portion, of the BRRD Liability or outstanding amounts due thereon;

(B)                                                 the conversion of all, or a portion, of the BRRD Liability into shares, other securities or other obligations of the BRRD Party or another person, and the issue to or conferral on the Company of such shares, securities or obligations;

(C)                                                 the cancellation of the BRRD Liability;

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(D)                                                 the amendment or alteration of any interest, if applicable, thereon, the maturity or the dates on which any payments are due, including by suspending payment for a temporary period;

(ii)                the variation of the terms of this Agreement, as deemed necessary by the Relevant Resolution Authority, to give effect to the exercise of Bail-in Powers by the Relevant Resolution Authority.

(iii)             For the purposes of this paragraph:

“Bail-in Legislation” means in relation to a member state of the European Economic Area which has implemented, or which at any time implements, the BRRD, the relevant implementing law, regulation, rule or requirement as described in the EU Bail-in Legislation Schedule from time to time;

“Bail-in Powers” means any Write-down and Conversion Powers as defined in the EU Bail-in Legislation Schedule, in relation to the relevant Bail-in Legislation;

“BRRD” means Directive 2014/59/EU establishing a framework for the recovery and resolution of credit institutions and investment firms;

“BRRD Liability” means a liability in respect of which the relevant Write Down and Conversion Powers in the applicable Bail-in Legislation may be exercised;

“BRRD Party” means Standard Chartered Bank;

“EU Bail-in Legislation Schedule” means the document described as such, then in effect, and published by the Loan Market Association (or any successor person) from time to time at http://www.lma.eu.com/pages.aspx?p=499 (or any such successor webpage); and

“Relevant Resolution Authority” means the resolution authority with the ability to exercise any Bail-in Powers in relation to the BRRD Party.

Please accept this offer by signing a copy of this Terms Agreement in the space set forth below and returning the signed copy to us, or by sending us a written acceptance in the following form:

“We hereby accept your offer, set forth in the Terms Agreement, dated February 22, 2018, to purchase the Securities on the terms set forth therein.”

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[Signature Page to Terms Agreement]

SCHEDULE I

SCHEDULE II

1.              Final Term Sheet, substantially in the form attached as Exhibit A to Schedule II, as filed with the Commission pursuant to Rule 433, and dated February 22, 2018, in respect of the $1,600,000,000 3.400%  Notes due February 27, 2023.

2.              Final Term Sheet, substantially in the form attached as Exhibit B to Schedule II, as filed with the Commission pursuant to Rule 433, and dated February 22, 2018, in respect of the $400,000,000 Floating Rate Notes due February 27, 2023.

Issuer Free Writing Prospectus 
Filed pursuant to Rule 433 
Registration No. 333-207239

AMERICAN EXPRESS COMPANY
$1,600,000,000
3.400% NOTES DUE FEBRUARY 27, 2023

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(1) An explanation of the significance of ratings may be obtained from the rating agencies. Generally, rating agencies base their ratings on such material and information, and such of their own investigations, studies and assumptions, as they deem appropriate. The rating of the notes should be evaluated independently from similar ratings of other securities. A credit rating of a security is not a recommendation to buy, sell or hold securities and may be subject to review, revision, suspension, reduction or withdrawal at any time by the assigning rating agency.

Standard Chartered Bank will not effect any offers or sales of any notes in the United States unless it is through one or more U.S. registered broker-dealers as permitted by the regulations of FINRA.

The issuer has filed a registration statement (including a base prospectus dated October 2, 2015) and a preliminary prospectus supplement, dated February 22, 2018, with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement,

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the preliminary prospectus supplement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering.  You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov.  Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Citigroup Global Markets Inc. at 1-800-831-9146, Credit Suisse Securities (USA) LLC at 1-800-221-1037, or Goldman Sachs & Co. LLC at 1-866-471-2526.

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Issuer Free Writing Prospectus 
Filed pursuant to Rule 433 
Registration No. 333-207239

AMERICAN EXPRESS COMPANY
$400,000,000
FLOATING RATE NOTES DUE FEBRUARY 27, 2023

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(1)  An explanation of the significance of ratings may be obtained from the rating agencies. Generally, rating agencies base their ratings on such material and information, and such of their own investigations, studies and assumptions, as they deem appropriate.  The rating of the notes should be evaluated independently from similar ratings of other securities.  A credit rating of a security is not a recommendation to buy, sell or hold securities and may be subject to review, revision, suspension, reduction or withdrawal at any time by the assigning rating agency.

Standard Chartered Bank will not effect any offers or sales of any notes in the United States unless it is through one or more U.S. registered broker-dealers as permitted by the regulations of FINRA.

The issuer has filed a registration statement (including a base prospectus dated October 2, 2015) and a preliminary prospectus supplement, dated February 22, 2018, with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering.  You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov.  Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Citigroup Global Markets Inc. at 1-800-831-9146, Credit Suisse Securities (USA) LLC at 1-800-221-1037, or Goldman Sachs & Co. LLC at 1-866-471-2526.

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