Charles Schwab prices $2.6B senior notes offering: $1.25B 2032 notes at 5.108%, $1.35B 2037 notes at 5.655%

Filed August 12, 2026 · ~2 min read

Key Changes

• high

  Schwab is issuing $2.6 billion in senior unsecured notes across two tranches: $1.25 billion maturing in 2032 and $1.35 billion maturing in 2037, both priced at par.

  The Offering verify on EDGAR →
• high

  The 2032 notes pay 5.108% fixed until August 2031, then convert to SOFR plus 0.950% for the final year; the 2037 notes pay 5.655% fixed until August 2036, then SOFR plus 1.320% for the final year.

  The Offering verify on EDGAR →
• medium

  Net proceeds of approximately $2.582 billion will be used for general corporate purposes, with no specific projects or uses disclosed.

  Use of Proceeds verify on EDGAR →