The Firm represented the underwriters, led by Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co., J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC as joint bookrunning managers, in connection with a public offering of 600,000 Depositary Shares, each representing a 1/100th interest in a share of 4.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E, par value $0.01 per share, with a liquidation preference of $100,000 per share, of The Charles Schwab Corporation. The offering closed on October 31, 2016.
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, Hana Nah, Colin Osiecki, Davis Mahon and Clint Eastman (Capital Markets); Mark Chorazak and Spencer Sloan (Bank Regulatory); Jonathan Cantor and Jodi Schneider (Tax); Jeanne Annarumma (Executive Compensation and Employee Benefits); and Jennie Getsin (FINRA and Blue Sky).