Simpson Thacher represented the underwriters in the offering.
The Charles Schwab Corporation (“Charles Schwab”) completed its offering of 2,250,000 Depositary Shares, each representing a 1/100th interest in a share of 4% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I, par value $0.01 per share, with a liquidation preference of $100,000 per share (equivalent to $1,000 per depositary share).
BofA Securities, Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC, Barclays Capital Inc., BNY Mellon Capital Markets, LLC, HSBC Securities (USA) Inc., TD Securities (USA) LLC, and U.S. Bancorp Investments, Inc. acted as underwriters for the offering.
Charles Schwab is a savings and loan holding company and engages, through its subsidiaries, in wealth management, securities brokerage, banking, asset management, custody and financial advisory services.
The Simpson Thacher team included Roxane Reardon (Picture), Katherine Draper and Pia Figuerola (Capital Markets); Jonathan Cantor and Edward Grais (Tax); Jeanne Annarumma (Executive Compensation and Employee Benefits); Genevieve Dorment and Loren Shokes (Intellectual Property); and Jennie Getsin (FINRA and Blue Sky).
Involved fees earner: Jeanne Annarumma – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Genevieve Dorment – Simpson Thacher & Bartlett; Katherine Draper – Simpson Thacher & Bartlett; Pia Figuerola – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Edward Grais – Simpson Thacher & Bartlett; Roxane Reardon – Simpson Thacher & Bartlett; Loren Shokes – Simpson Thacher & Bartlett;
Law Firms: Simpson Thacher & Bartlett;
Clients: Bank of America Securities; Barclays Capital ; BNY Mellon Capital Markets; Citigroup Global Markets Ltd; Credit Suisse Securities (USA) LLC; Goldman Sachs & Co.; HSBC Securities; J.P. Morgan Securities LLC; Morgan Stanley; TD Securities; U.S. Bancorp Investments; Wells Fargo Securities;