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Schwab Prices New Preferred Issue

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.

4 thoughts on “Schwab Prices New Preferred Issue”

    1. 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.

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