The Firm represented the underwriters, led by Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, UBS Securities LLC and Wells Fargo Securities, LLC as joint bookrunning managers, in connection with a public offering of 24,000,000 Depositary Shares, each representing a 1/40th interest in a share of 6% Non-Cumulative Perpetual Preferred Stock, Series C, par value $0.01 per share, with a liquidation preference of $1 thousand per share, of The Charles Schwab Corporation. The offering closed on August 3, 2015.
The Charles Schwab Corporation is headquartered in San Francisco and, through its operating subsidiaries, provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors.
The Simpson Thacher team included Roxane Reardon, Kai Fan, Izzy Lubarsky, Colin Osiecki and Shannon Guy (Capital Markets); Mark Chorazak (Bank Regulatory); Jonathan Cantor and Jodi Sackel (Tax); Jeanne Annarumma and Nadine Mompremier (Executive Compensation and Employee Benefits); and Jennie Getsin (FINRA and Blue Sky).