Pricing Supplement Dated August 1, 1997
(To Prospectus dated November 1, 1996, and
Prospectus Supplement dated November 7, 1996)
The Charles Schwab Corporation
Medium-Term Notes, Series A
(Fixed Rate)
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Trade Date: August 1, 1997 Original Issue Date: August 6, 1997
Principal Amount: $6,000,000 Net Proceeds to Issuer: $5,964,000
Issue Price: 100% Interest Payable: March 1, September 1,
Agent's Discount or Commission: .60% and at maturity
Interest Rate: 6.73% Agent's Capacity: x Principal
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Maturity Date: August 6, 2004 Agent
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Form: x Book-Entry
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Certificated
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Redemption: x The Notes cannot be redeemed prior to maturity
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The Notes may be redeemed prior to maturity
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Initial Redemption Date:
Initial Redemption Price:
Annual Redemption Price Reduction:
Repayment: x The Notes cannot be repaid prior to maturity
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The Notes can be repaid prior to maturity at the
option of the holder of the note
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Repayment Date:
Repayment Price:
Discount Note: Yes x No
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Total Amount of OID:
Yield to Maturity:
Initial Accrual Period:
Ranking: x Senior Senior Subordinated
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The second paragraph under the caption "Certain United States Federal Income Tax
Consequences" in the Company's Prospectus Supplement dated November 7, 1996 is
hereby amended in its entirety to read as follows:
As used herein, the term "Holder" means the beneficial holder of a Note (a)
that is for United States federal income tax purposes (i) a citizen or
resident of the United States, (ii) a corporation, partnership or other
entity created or organized in or under the laws of the United States or of
any political subdivision thereof, (iii) an estate the income of which is
subject to United States federal income taxation regardless of its source,
or (iv) any trust if (A) a United States court is able to exercise primary
supervision over the administration of the trust and (B) one or more United
States fiduciaries have the authority to control all substantial decisions
of the trust; or (b) whose income from such Note is treated as effectively
connected with such owner's conduct of the United States trade or business.
The term Holder also includes certain former citizens and certain former
long-term residents of the United States whose interest and gain on the
Notes will be subject to United States federal income taxation.
Goldman, Sachs & Co.
