The Charles Schwab Corporation announced today that it will redeem all
of its outstanding 2.20% Senior Notes due July 25, 2018 (the “Notes”) on
June 25, 2018 (the “Redemption Date”). The redemption price will be
equal to 100% of the principal amount of the Notes plus accrued and
unpaid interest to, but not including, the Redemption Date. The
aggregate principal amount of Notes outstanding is $275 million.
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of
financial services, with more than 345 offices and 11.1 million active
brokerage accounts, 1.6 million corporate retirement plan participants,
1.2 million banking accounts, and $3.31 trillion in client assets as of
April 30, 2018. Through its operating subsidiaries, the company provides
a full range of wealth management, securities brokerage, banking, money
management, custody, and financial advisory services to individual
investors and independent investment advisors. Its broker-dealer
subsidiary, Charles Schwab & Co., Inc. (member SIPC, http://www.sipc.org),
and affiliates offer a complete range of investment services and
products including an extensive selection of mutual funds; financial
planning and investment advice; retirement plan and equity compensation
plan services; referrals to independent fee-based investment advisors;
and custodial, operational and trading support for independent,
fee-based investment advisors through Schwab Advisor Services. Its
banking subsidiary, Charles Schwab Bank (member FDIC and an Equal
Housing Lender), provides banking and lending services and products.
More information is available at www.schwab.com
and www.aboutschwab.com.
