Bond Charles Schwab & Co. 4% ( US808513BJ38 ) in USD

Charles Schwab & Co.

94.241 % ▲

United States

US808513BJ38 ( in USD )

4% per year ( payment 4 times a year)

31/12/2099

Prospectus brochure of the bond Charles Schwab US808513BJ38 en USD 4%, maturity 31/12/2099

808513BJ3

BBB- ( Lower medium grade - Investment-grade )

01/04/2026 ( In 51 days )

Charles Schwab Corporation is a diversified financial services company offering brokerage, banking, and investment advisory services.

Charles Schwab Corporation issued a USD-denominated bond (ISIN: US808513BJ38, CUSIP: 808513BJ3) currently trading at 88.75% of its face value, offering a 4% coupon rate with quarterly payments, maturing on December 31, 2099, and rated BBB- by Standard & Poor's.

FWP 1 d57218dfwp.htm FWP
Filed Pursuant to Rule 433
Dated December 8, 2020
Registration Statement: No. 333-251156
THE CHARLES SCHWAB CORPORATION
2,500,000 DEPOSITARY SHARES,
EACH REPRESENTING A 1/100th INTEREST IN A SHARE OF 4.000% FIXED-RATE RESET NON-CUMULATIVE PERPETUAL
PREFERRED STOCK, SERIES H
(liquidation preference $100,000 per share (equivalent to $1,000 per depositary share))
SUMMARY OF TERMS
Issuer:
The Charles Schwab Corporation
Security Offered:
Depositary Shares, Each Representing a 1/100th Interest in a Share of 4.000% Fixed-Rate Reset
Non-Cumulative Perpetual Preferred Stock, Series H (the "Series H Preferred Stock")
Expected Ratings*:
Baa2 (Moody's) / BBB (S&P) / BBB- (Fitch)
Size:
$2,500,000,000 (2,500,000 depositary shares)
Over-allotment Option:
None
Liquidation Preference:
$100,000 per share of Series H Preferred Stock (equivalent to $1,000 per depositary share)
First Reset Date:
December 1, 2030
Reset Date:
The First Reset Date and each date falling on the tenth anniversary of the preceding Reset Date
Reset Period:
The period from, and including, the First Reset Date to, but excluding, the next following Reset Date and
thereafter each period from, and including, each Reset Date to, but excluding, the next following Reset Date
Dividend Rate (Non-Cumulative):
From December 11, 2020 to, but excluding, December 1, 2030, 4.000%, and from, and including, December
1, 2030, during each reset period (as defined in the preliminary prospectus supplement dated December 8,
2020 (the "preliminary prospectus supplement")), the ten-year treasury rate as of the most recent reset
dividend determination date (as defined in the preliminary prospectus supplement) plus 3.079%
Dividend Payment Dates:
Quarterly in arrears on the 1st day of March, June, September and December of each year, commencing on
March 1, 2021

Day Count:
30/360
Term:
Perpetual
Optional Redemption:
In whole or in part, from time to time, on any dividend payment date on or after December 1, 2030, or in
whole but not in part, at any time within 90 days following a regulatory capital treatment event (as defined
in the preliminary prospectus supplement), in each case at a redemption price equal to $100,000 per share
(equivalent to $1,000 per depositary share), plus any declared and unpaid dividends, without accumulation
of any undeclared dividends
Trade Date:
December 8, 2020
Settlement Date:
December 11, 2020 (T+3)
Public Offering Price:
$1,000 per depositary share
Underwriting Discount:
$10.00 per depositary share
Estimated Net Proceeds to Issuer, After
$2,475 million
Deducting Underwriting Discount:
CUSIP/ISIN for Depositary Shares:
808513 BJ3 / US808513BJ38
Joint Book-Running Managers:
BofA Securities, Inc.
Citigroup Global Markets Inc.
Credit Suisse Securities (USA) LLC
Goldman Sachs & Co. LLC
J.P. Morgan Securities LLC
Senior Co-Managers:
Morgan Stanley & Co. LLC
Wells Fargo Securities, LLC
Co-Managers:
Barclays Capital Inc.
PNC Capital Markets LLC
TD Securities (USA) LLC
U.S. Bancorp Investments, Inc.
* Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision, suspension or withdrawal at any time.
It is expected that delivery of the depositary shares will be made through the facilities of The Depository Trust Company on or about
December 11, 2020, which will be the third business day following the initial sale of the depositary shares (this settlement cycle being referred to
as "T+3"). Under Rule 15c6-1 of the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to
settle in two business days, unless the parties to a trade expressly agree otherwise. Accordingly, purchasers who wish to trade the depositary
shares prior to the second business day before the delivery of the depositary shares will be required, by virtue of the fact that the depositary
shares initially will settle on a delayed basis, to specify alternative settlement arrangements at the time of any such trade to prevent a failed
settlement and should consult their own advisor.
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The Issuer has filed a registration statement (including a preliminary prospectus supplement and accompanying prospectus) with the U.S.
Securities and Exchange Commission (the "SEC") for the offering to which this communication relates. Before you invest, you should read the
preliminary prospectus supplement and accompanying prospectus 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 preliminary prospectus
supplement and accompanying prospectus if you request it by calling BofA Securities, Inc. toll-free at (800) 294-1322, Citigroup Global
Markets Inc. toll-free at (800) 831-9146, Credit Suisse Securities (USA) LLC toll-free at (800) 221-1037, Goldman Sachs & Co. LLC collect at
(212) 902-1171, J.P. Morgan Securities LLC collect at (212) 834-4533.
Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or
notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.
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