Schwab (Charles) Corp (The) | 5.95% Non-Cumulative Perpetual Preferred Stock, Series D (SCHW.PRD)
Prospectus excerpt: We are offering 30,000,000 depositary shares, each representing a 1/40th ownership interest in a share of 5.95% Non-Cumulative Perpetual Preferred Stock, Series D, $0.01 par value, with a liquidation preference of $1,000 per share (equivalent to $25 per depositary share) (the ˘Series D Preferred Stock÷). The depositary shares are represented by depositary receipts. As a holder of depositary shares, you will be entitled to all proportional rights and preferences of the Series D Preferred Stock (including dividend, voting, redemption and liquidation rights). You must exercise such rights through the depositary.
Charles Schwab is a savings and loan holding company. Co. is engaged, through its subsidiaries, in wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. Co.'s segments include: Investor Services, which provides retail brokerage and banking services to individual investors and retirement plan services, as well as other corporate brokerage services, to businesses and their employees; and Advisor Services, which provides custodial, trading, banking and support services, as well as retirement business services to independent registered investment advisors and recordkeepers.