The Firm represented the underwriters, led by Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC as joint bookrunning managers, in connection with a public offering of 500,000 Depositary Shares, each representing a 1/100th interest in a share of 5% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F, 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, 2017.
The Charles Schwab Corporation is headquartered in San Francisco and, through its operating subsidiaries, provides a full range of wealth management, securities brokerage, banking, money management, custody and financial advisory services to individual investors and independent investment advisors.
The Simpson Thacher team included Roxane Reardon, Teresa Chen, Ashleigh Taylor and Clint Eastman (Capital Markets); Mark Chorazak (Bank Regulatory); Jonathan Cantor and Jodi Schneider (Tax); Jeanne Annarumma (Executive Compensation and Employee Benefits); and Jennie Getsin (FINRA and Blue Sky).