E*TRADE Prices Senior Notes

E*TRADE Financial Corporation ETFC today announced that it has priced an offering of $435 million aggregate principal amount of senior notes at par due 2016, which will bear interest at an annual rate of 6.75%. E*TRADE expects to close the sale of the notes on May 19, 2011 subject to the satisfaction of customary closing conditions. E*TRADE will use the net proceeds from the sale of the notes to redeem all of its outstanding 7.375% Senior Notes due 2013, totaling approximately $414.7 million aggregate principal amount, including paying the associated related redemption premiums, accrued interest and related fees and expenses. J.P. Morgan Securities LLC is serving as sole book-runner for the offering.