September 22, 2022 -- The Charles Schwab Corporation today announced that it will redeem on November 1, 2022, all of the 400,000 outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A (“Series A Preferred Stock”) (CUSIP 808513AE5) at a redemption price of $1,000 per share. They company does not intend to apply for listing of the Preferred Stock on any securities exchange or for inclusion of the Preferred Stock in any automated dealer quotation system. ____________ The 7.00% fixed-to-floating rate Series A preferred shares were issued on 1/24/2012 but are not yet trading on the stock markets. They have been assigned the temporary ticker symbol TEMP80 by QuantumOnline until they start trading on the Other OTC market and their ticker symbol is known.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Charles Schwab Corp., 7.00% Fixed-to-Floating Rate, Non-Cumulative Perpetual Preferred Stock, Series A, liquidation preference $1000 per share, redeemable at the issuer's option on or after 2/1/2022 at $1000 per share plus declared and unpaid dividends, and with no stated maturity. Non-cumulative distributions of 7.00% ($70.00) per annum will be paid semi-annually through 2/1/2022 on 2/1 & 8/1 to holders of record on the record date which will be the 15th calendar day of the month prior to the payment date or on the record date fixed by the board, not more than 30 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). After 2/1/2022 quarterly distributions will be paid at a floating rate equal to the three-month LIBOR plus 4.820% per annum on 2/1, 5/1, 8/1 & 11/1. 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 (see prospectus for further information) which no longer allows the company to include the funds originating from this security as Tier 1 capital on their balance sheet. 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-26 of the prospectus for further information). In regard to the payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds 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
	FixFloat n.a.	$1,000.00 $1,000.00	Called for 11/01/2022 None	Baa2 BBB 6/01/2022	2/1, 5/1, 8/1 & 11/1 Click for MW ExDiv Date Click for Yahoo ExDiv Date	YES

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Email Address

investor.relations@schwab.com

Address and Phone Numbers

Address:   3000 Schwab Way, Westlake, TX 76262
Main Phone Number	817-859-5000
Fax Number	Not Available
Investor Relations   Richard G. Fowler	415-667-1841
Toll Free Phone Number	877-456-0777

CEO -  Walter W. Bettinger II

CFO - Peter Crawford