Charles Schwab (SCHW) has priced there previously announced non-cumulative preferred stock issue.
The issue prices at 4.45%.
The issue is investment grade, non-cumulative, but qualified for preferential tax treatment.
As noted before the company will redeem the SCWH-C 6% issue with the proceeds from this new offering.
The issue trades immediately on the OTC grey market under temporary ticker SCHWL.
The pricing term sheet can be found here.
There’s another deal coming will see if it hits retail
25.35 – 25.37
25.02 @10:00AM. Took almost 10 minutes on Vanguard. Had to call and endure sales pitches. Site refused on line trade. says 25.02 is less than .01.
Lol I’m quoting wrong issue. Thanks I see24. 98