Pricing Supplement Dated April 29, 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: April 29, 1997 Original Issue Date: May 2, 1997
Principal Amount: $5,000,000 Net Proceeds to Issuer: $4,975,000
Issue Price: 100% Interest Payable: March 1, September 1,
Agent's Discount or Commission: .50% and at maturity
Interest Rate: 7.21% Agent's Capacity: * Principal
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Maturity Date: May 2, 2002 Agent
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Form: * Book-Entry
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Certificated
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Redemption: * 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: * 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
Repayment Date:
Repayment Price:
Discount Note: Yes * No
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Total Amount of OID:
Yield to Maturity:
Initial Accrual Period:
Ranking: * 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.
