American Express is marketing a $804.5 million in asset-backed securities from its American Express Credit Account Master Trust.

The deal, American Express Credit Account Master Trust, Series 2010-1, is structured with a triple-A rated senior class A floating rate certificates and a double-A plus rated mezzanine Class B floating rate certificates. Bank of America Merrill Lynch, JPMorgan Securities and Barclays Capital are underwriting the transaction.

This is AmEx's first new deal outside the Term Asset-Backed Securities Loan Facility (TALF), which ended last month. Under TALF, AmEx sold a $1 billion credit card loan-backed bond at 135 basis points over one month London interbank offered rate, or Libor, in June. Then, in September, it sold a $1.25 billion bond at 125 basis points over one month Libor.

Preliminary details on the deal are available via the link below from the ASR Scorecard database.

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