# SCHWAB CHARLES CORP (SCHW-PJ) — capital_raise/public_offering [announced]
Source: SEC API (secapi.ai) · situation sit_0366b2ee5faa10faaa1c · retrieved 2026-08-16T20:24:16.540Z

## Overview
The Charles Schwab Corporation is a Delaware corporation that operates as a financial services company providing brokerage, banking, and investment management services.

The Charles Schwab Corporation issued $1,250,000,000 aggregate principal amount of 5.108% Fixed-to-Floating Rate Senior Notes due August 12, 2032, and $1,350,000,000 aggregate principal amount of 5.655% Fixed-to-Floating Rate Senior Notes due August 12, 2037. The notes were issued on August 12, 2026, with net proceeds of approximately $2,582 million after deducting underwriting discounts and commissions and estimated offering expenses. The 2032 Notes bear a fixed rate of 5.108% until August 12, 2031, then convert to a floating rate equal to compounded SOFR plus 0.950%. The 2037 Notes bear a fixed rate of 5.655% until August 12, 2036, then convert to a floating rate equal to compounded SOFR plus 1.320%.

## Terms
- Counterparty: BofA Securities, Inc., Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, TD Securities (USA) LLC, Wells Fargo Securities, LLC and other underwriters · Deal value: $2.60B · Consideration: cash

## Key dates
- Announced 2026-08-12

## Timeline
- 2026-08-12 · 8-K (0001193125-26-347083): 8-K - SCHWAB CHARLES CORP — *The Charles Schwab Corporation is a Delaware corporation that operates as a financial services company providing brokerage, banking, and investment management services.* The Charles Schwab Corporation issued $1,250,000,000 aggregate principal amount of 5.108% Fixed-to-Floating Rate Senior Notes due August 12, 2032, and $1,350,000,000 aggregate principal amount of 5.655% Fixed-to-Floating Rate Senior Notes due August 12, 2037. The notes were issued on August 12, 2026, with net proceeds of approximately $2,582 million after deducting underwriting discounts and commissions and estimated offering expenses. The 2032 Notes bear a fixed rate of 5.108% until August 12, 2031, then convert to a floating rate equal to compounded SOFR plus 0.950%. The 2037 Notes bear a fixed rate of 5.655% until August 12, 2036, then convert to a floating rate equal to compounded SOFR plus 1.320%.
  https://www.sec.gov/Archives/edgar/data/316709/0001193125-26-347083.txt

## Citations
- 0001193125-26-347083 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526347083