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Charles Schwab issues floating-rate, fixed-rate senior notes

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Charles Schwab issues floating-rate, fixed-rate senior notes

Charles Schwab Corp. has issued $600 million in aggregate principal amount of floating-rate senior notes due 2021, $600 million in aggregate principal amount of 3.250% senior notes due 2021 and $750 million in aggregate principal amount of 3.850% senior notes due 2025.

The notes were issued under a senior indenture dated June 5, 2009. Net proceeds from the offering will be used for general corporate purposes.

Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC, JPMorgan Securities LLC, Merrill Lynch Pierce Fenner & Smith Inc. are the joint book-running managers of the offering. Morgan Stanley & Co. LLC and Wells Fargo Securities LLC are senior co-managers, while BNY Mellon Capital Markets LLC, HSBC Securities (USA) Inc., Lloyds Securities Inc., PNC Capital Markets LLC and U.S. Bancorp Investments Inc. are co-managers.