From: jeffrey E. <jeevacation@gmail.com> Sent: Monday, July 27, 2015 4:23 PM To: Richard Kahn Subject: Re: New Issue $25 Par. The Charles Schwab Corporation (NYSE: SCHW) 6.00 % - 6.125%

2 million

On Mon, Jul 27, 2015 at 12:19 PM, Richard Kahn wrote:

Please advise if you are interested and if so ho= much. Thank you.

Sent from my iPhoneadiv>

Begin forwarded message:

<u>From:</u> "Atlas Andrew 5"

<mailto

Date: Ju y 27, 2015 at 11:52:33 AM EDT

To: &q=ot;Richard Kahn

Subject:=/b> New Issue $25 Par: The Charles Schwab Corporation (NYSE: SCHW) 6.00=%- 6.125%

Issuer:
The Charles Schwab Corpor=tion (Ticker: SCHW)

Securities Offered:
Series C Non-Cumulative D=positary Shares

Size:
$250mm (10mm shares)</=>

Expected Ratings:

Baa2/BBB/BB+ (S/S/S)<=>

Format:

SEC Registered<=u>

Maturity

Perpetual</=pan>

Price Talk:=span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1f497d">6.0-6.125% ; Fixed for=Life

Offer Price:

$25.00 per depositary sha=e

</=pan>

Dividends:<=pan style="font-size:11.0pt;font-family:"Calibri","sans-s=if";color:#1f497d">

Payable quarterly, in arr=ars, on March 1, June 1, September 1 and December 1 of each year, beginnin= on December 1, 2015.

Optional Redemption:</=pan>

1) in whole or in p=rt, from time to time, on any dividend payment date on or after I Q=A0 ], 2020. 2) in whole but not in pa=t, at any time within 90 days following a regulatory capital treatment eve=t. *See Red

Use of Proceeds:

To support balance sheet =rowth, including the migration of certain client balances from sweep money=market funds into Schwab Bank, which may be subject to notice and/or approvals from regulators and clients.<=p>

DRD/QDI Eligible:
NYSE Expected</=>
Today’s business<=>

Andrew S. Atlas=u>

Financial Advisor</=><

Equity Sales/Midd=e Markets Group
Morgan Stanley Wealth Management</=pan>

Midtown Manhattan Complex<=>

1290 Avenue of the America=, 12th Floor | New York, NY 10104

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