Charles Schwab issues $1.0B 4.603% fixed-to-floating senior notes due 2029

Charles Schwab issued $1.0 billion of 4.603% Fixed-to-Floating Rate Senior Notes due 2029, raising roughly $995.5 million net of fees.Key Highlights:Original SEC Filing: SCHWAB CHARLES CORP [ SCHW ] - 8-K - Jun. 29, 2026This is an AI-powered summary. It may contain inaccuracies. Consider verifying…

Charles Schwab issued $1.0 billion of 4.603% Fixed-to-Floating Rate Senior Notes due 2029, raising roughly $995.5 million net of fees.

Key Highlights:

Issued $1,000,000,000 aggregate principal amount of 4.603% fixed-to-floating senior notes due 2029.
Net proceeds approximately $995.5 million after underwriting discounts, commissions and offering expenses.
Notes issued under the Senior Indenture (Nov 14, 2025) and a Third Supplemental Indenture dated June 29, 2026.
Underwritten by Citigroup and Goldman Sachs as representatives; offering made under Form S-3 registration.

Original SEC Filing:

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.