Charles Schwab prices $2.25B debt offering: $1.0B 2030 notes at 4.744% and $1.25B 2037 notes at 5.493%

Filed May 20, 2026 · ~2 min read

Key Changes

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  Schwab is issuing $1.0 billion of 2030 notes at 4.744% fixed-to-floating and $1.25 billion of 2037 notes at 5.493% fixed-to-floating, both priced at par. Net proceeds of approximately $2.236 billion will be used for general corporate purposes.

  Use of Proceeds verify on EDGAR →
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  The 2030 notes pay a fixed 4.744% until May 2029, then switch to SOFR plus 0.780% for the final year. The 2037 notes pay a fixed 5.493% until May 2036, then switch to SOFR plus 1.280% for the final year.

  The Offering verify on EDGAR →
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  The notes are structurally subordinated to all debt and liabilities of Schwab's subsidiaries (including its broker-dealer and bank subsidiaries). Creditors of those subsidiaries have priority claims on subsidiary assets before noteholders can access them.

  Risk Factors verify on EDGAR →