The Charles Schwab Corporation Announces Pricing of Previously Announced Exchange Offer
The Charles Schwab Corporation announced today the pricing terms of its offer to certain eligible holders of its outstanding 4.950% senior notes due 2014 (CUSIP No. 808513AC9) (“Old Notes”) to exchange the Old Notes for new senior notes due 2022 (“New Notes”) and cash (“Exchange Offer”). The complete terms of the Exchange Offer are set forth in a confidential offering memorandum and related letter of transmittal, each as amended to date. The Company also announced that it will pay interest on the New Notes at a rate per annum equal to 3.225%, as calculated in accordance with the confidential offering memorandum.
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