We study the Cauchy problem for an evolution equation of Schrödinger type. The Hamiltonian is the Weyl quantization of a real homogeneous quadratic form with a pseudodifferential perturbation of negative order from Shubin’s class. We prove that the propagator is a Fourier integral operator of Shubin type of order zero. Using results for such operators and corresponding Lagrangian distributions, we study the propagator and the solution, and derive phase space estimates for them.