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Get filing alertsCharles Schwab offers fixed-to-floating rate senior notes due 2029; terms to be set at pricing
Filed June 25, 2026 · ~2 min read
IPO filing cluster
Same offering- 424B5 May 20, 2026 Charles Schwab prices $2.25B debt offering: $1.0B 2030 notes at 4.744% and $1.25B 2037 notes at 5.493% EDGAR →
- 424B5 Jun 25, 2026 This filing EDGAR →
- 424B5 Jun 26, 2026 Charles Schwab prices $1 billion senior notes offering at 4.603% fixed, then floating at SOFR+0.622% EDGAR →
- 8-K Jun 29, 2026 Schwab raises $1 billion through 4.603% senior notes due 2029 EDGAR →
Key Changes
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Schwab is offering senior unsecured notes with a hybrid interest structure: a fixed rate from issuance until mid-2028, then a floating rate based on compounded SOFR plus a spread until maturity in 2029. Specific rates and offering size to be determined at pricing.
The Offering verify on EDGAR → -
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Net proceeds will be used for general corporate purposes, with no specific allocation disclosed. The company retains full discretion over capital deployment.
Use of Proceeds verify on EDGAR → -
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The notes are structurally subordinated to all debt and liabilities of Schwab's subsidiaries, meaning subsidiary creditors (including trade creditors) must be paid in full before noteholders have any claim to subsidiary assets.
Risk Factors verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Generated by AI · Jul 2, 2026 12:48 AM