October 31, 2017 -- The Charles Schwab Corporation today announced that it will redeem on December 1, 2017, all of the 485,000 outstanding shares of its 6.00% Non-Cumulative Perpetual Preferred Stock, Series B, and the corresponding 19,400,000 depositary shares, each representing a 1/40th interest in a share of the Series B Preferred Stock. The Depositary Shares are currently traded on the New York Stock Exchange under the symbol SCHW PrB (CUSIP 808513204). The Depositary Shares will be redeemed at a redemption price of $25.00 per Depositary Share. Since the redemption date is also the dividend payment date, the redemption price of $25.00 per Depositary Share does not include declared and unpaid dividends. Regular quarterly dividends were declared in the amount of $0.375 per Depositary Share, and will be paid separately in the customary manner on December 1, 2017 to holders of record at the close of business on November 16, 2017. The Depositary Shares are held in book-entry form through the Depository Trust Company (“DTC”) and will be redeemed in accordance with the procedures of DTC. Payment to DTC for the Depositary Shares will be made by Wells Fargo Bank, N.A. as redemption agent. The address for Wells Fargo Bank, N.A. is 1110 Centre Pointe Curve, Suite 101, Mendota Heights, Minnesota 55120-1400, Attention: Corporate Actions.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  The Charles Schwab Corp., 6.00% Depositary Shares each representing a 1/40th interest in a share of the 6.00% Non-cumulative Perpetual Preferred Stock, Series B, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 9/1/2017 at $25 per depositary share plus declared and unpaid dividends, and with no stated maturity. Non-cumulative distributions of 6.00% per annum ($1.50 per annum or $0.375 per quarter) will be paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the record date which will be the 15th calendar days prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. This security is possibly subject to an early call as a result of the occurrence of a regulatory capital treatment event which no longer allows the company to include the funds originating from this security as Tier 1 capital on their balance sheet (see the prospectus for further information). Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page S-29 of the prospectus for further information). In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	6.00% $1.5	$25.00 $25.00	Called for 12/01/2017 None	Baa2 BBB 2/19/2016	3/1, 6/1, 9/1 & 12/1 Click for MW ExDiv Date Click for Yahoo ExDiv Date	YES

Company's Online Information Links

HOME PAGE:     http://www.schwab.com/
Company's Investor Relations Information	Go to Investor Relations Information
Company's Online News Releases	Go to News Releases
Online Company Profile	Go to Online Profile

Company's Online SEC EDGAR Filings

Company's SEC EDGAR Filings

Go to SEC Filings

Company's Email Address Links

Email Address	investor.relations@schwab.com
Email Request Form on Website	Go to Email Form

Address and Phone Numbers

Address:   211 Main Street, San Francisco, CA 94105
Main Phone Number	415-667-7000
Fax Number	415-627-8538
Investor Relations   Richard G. Fowler	415-667-1841
Toll Free Phone Number	877-456-0777

CEO -  Walter W. Bettinger II

CFO -  Joseph R. Martinetto