Pricing Supplement Dated April 27, 1999
(To Prospectus dated July 8, 1998, and Prospectus Supplement dated July 13,
1998)
The Charles Schwab Corporation
Medium-Term Notes, Series A (Fixed Rate)
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Trade Date: April 27, 1999 Original Issue Date: April 30, 1999
Principal Amount: $20,000,000<F1> Net Proceeds to Issuer: $19,880,000
Issue Price: 100% Interest Payable: March 1, September 1,
Agent's Discount or Commission: .600% and at maturity
Interest Rate: 6.21% Agent's Capacity: X Principal
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Maturity Date: May 1, 2006 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 "Sale, Exchange or Retirement of the
Notes" in the Company's Prospectus Supplement, dated July 13, 1998, is hereby
amended in its entirety to read as follows:
Subject to the discussion relating to Short-Term Notes above, gain or loss
realized on the sale, exchange or retirement of a Note will be capital
gain or loss. For this purpose, Holders of Amortizing Notes acquired at a
cost less than par will recognize some amount of capital gain upon the
receipt of each principal payment, the same as though they had sold a
proportionate amount of the related Amortizing Note. As a general rule,
gains realized by certain noncorporate Holders from the sale, exchange or
redemption of a Note, or upon the receipt of a principal payment on an
Amortizing Note acquired at a cost less than par, may be taxable at lower
maximum rates than ordinary income if such Holder has held the Note for
more than one year. The distinction between capital gain or loss and
ordinary income or loss is also relevant for purposes of, among other
things, limitations on the deductibility of capital losses.
Goldman Sachs
<F1> This $20,000,000 pricing supplement dated April 27, 1999 is filed under two
registration statements as follows: $15,000,000 under registration statement
#333-12727 and $5,000,000 under registration statement #333-54001.
