SCHWAB CHARLES CORP (SCHW) Form 424B5 — Aug 10, 2026
The Charles Schwab Corporation filed a preliminary prospectus supplement for an underwritten offering of Fixed-to-Floating Rate Senior Notes due 2032 and due 2037, its senior unsecured obligations issued off its December 2023 shelf registration. The notes pay a fixed coupon before an interest reset date, then compounded SOFR plus a spread, with semi-annual fixed-period payments switching to quarterly during the floating period. Principal amounts, coupons and pricing were left blank because the supplement is subject to completion; net proceeds will fund general corporate purposes. The Bank of New York Mellon Trust Company, N.A.
Key figures
- Seniority
- Senior unsecured obligations, ranking equally with other unsecured senior debt
- Note Series
- ["Fixed-to-Floating Rate Senior Notes due 2032","Fixed-to-Floating Rate Senior Notes due 2037"]
- Settlement
- T+2, delivery expected on or about the second business day after the filing date
- Client Assets
- $13.08 trillion
- Denominations
- $2,000 and any integral multiple of $1,000
- Rate Structure
- Fixed coupon until reset date (2031 for 2032 notes, 2036 for 2037 notes), then compounded SOFR plus a spread
- Banking Accounts
- 2.4 million
- Active Brokerage Accounts
- 39.8 million
- Preferred Shares Authorized
- 9940000
- Preferred Shares Outstanding
- 1429785
- Workplace Plan Participant Accounts
- 5.9 million
Price after filing
Close on the filing date to close N calendar days later (from $107.99). Historical, not a forecast.
AI analysis
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