Charles Schwab offers fixed-to-floating rate senior notes due 2032 and 2037; size and rates TBD

Filed August 10, 2026 · ~2 min read

Key Changes

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  Schwab is offering two series of senior notes maturing in 2032 and 2037. Both pay a fixed rate initially, then switch to compounded SOFR plus a spread approximately one year before maturity. Principal amounts and interest rates are not yet disclosed in this preliminary filing.

  The Offering verify on EDGAR →
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  Net proceeds will be used for general corporate purposes. The specific amount is not yet disclosed.

  Use of Proceeds 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 units. Creditors of those subsidiaries have priority claims on subsidiary assets before noteholders would have any claim.

  Risk Factors verify on EDGAR →