Obligation DowChem 2.75% ( US26054LB697 ) en USD

Société émettrice DowChem
Prix sur le marché 100 %  ▼ 
Pays  Etas-Unis
Code ISIN  US26054LB697 ( en USD )
Coupon 2.75% par an ( paiement semestriel )
Echéance 15/04/2022 - Obligation échue



Prospectus brochure de l'obligation Dow Chemical US26054LB697 en USD 2.75%, échue


Montant Minimal 1 000 USD
Montant de l'émission 1 124 000 USD
Cusip 26054LB69
Notation Standard & Poor's ( S&P ) N/A
Notation Moody's N/A
Description détaillée Dow Chemical est une entreprise multinationale américaine spécialisée dans la science des matériaux, produisant une large gamme de produits chimiques, plastiques et agricoles.

L'Obligation émise par DowChem ( Etas-Unis ) , en USD, avec le code ISIN US26054LB697, paye un coupon de 2.75% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 15/04/2022







424B2
424B2 1 d869099d424b2.htm 424B2
CALCULATION OF REGISTRATION FEE

Maximum Aggregate
Amount of
Title of Each Class of Securities Offered

Offering Price

Registration Fee
2.250% InterNotes® Due April 15, 2020

$
3,556,000
$
413.21
2.750% InterNotes® Due April 15, 2022

$
1,124,000
$
130.61
3.200% InterNotes® Due April 15, 2025

$
2,727,000
$
316.88
Filed under 424(b)(2), Registration Statement No. 333-186728
Pricing Supplement No. 196 - Dated Monday, March 30, 2015 (To: Prospectus Dated February 19, 2013, and Prospectus






Supplement Dated February 19, 2013)
Principal
Selling
Gross
Net
Coupon
Coupon
Maturity
1st Coupon
1st Coupon
Survivor's
Product
CUSIP Number
Amount
Price
Concession

Proceeds
Rate
Frequency
Date

Date
Amount Option Ranking
26054LB51
$3,556,000.00 100%
1.250% $3,511,550.00 2.250% Semi- 04/15/2020 10/15/2015 $
12.06
Yes Senior
Annual
Unsecured










Notes

Redemption Information: Callable at 100% on 04/15/2016 and every coupon date thereafter

Joint Lead Managers and Lead Agents: BofA Merrill Lynch, Incapital LLC Agents: Citi, Merrill Lynch, Morgan Stanley, UBS Securities LLC,
Wells Fargo Advisors, LLC

The Dow Chemical Company InterNotes will be subject to redemption at the option of The Dow Chemical Company, in whole on the interest payment
date occurring on 04/15/2016 and on any interest payment date thereafter at a redemption price equal to 100% of the principal amount of the The Dow
Chemical Company InterNotes plus accrued interest thereon, if any, upon at least 30 days prior notice to the noteholder and the trustee, as described in
the prospectus.

26054LB69
$1,124,000.00 100%
1.450% $1,107,702.00 2.750% Semi- 04/15/2022 10/15/2015 $
14.74 Yes Senior
Annual
Unsecured










Notes

Redemption Information: Callable at 100% on 04/15/2016 and every coupon date thereafter

Joint Lead Managers and Lead Agents: BofA Merrill Lynch, Incapital LLC Agents: Citi, Merrill Lynch, Morgan Stanley, UBS Securities LLC,
Wells Fargo Advisors, LLC

The Dow Chemical Company InterNotes will be subject to redemption at the option of The Dow Chemical Company, in whole on the interest payment
date occurring on 04/15/2016 and on any interest payment date thereafter at a redemption price equal to 100% of the principal amount of the The Dow
Chemical Company InterNotes plus accrued interest thereon, if any, upon at least 30 days prior notice to the noteholder and the trustee, as described in
the prospectus.

26054LB77
$2,727,000.00 100%
1.800% $2,677,914.00 3.200% Semi- 04/15/2025 10/15/2015 $
17.16 Yes Senior
Annual
Unsecured










Notes

Redemption Information: Callable at 100% on 04/15/2016 and every coupon date thereafter

Joint Lead Managers and Lead Agents: BofA Merrill Lynch, Incapital LLC Agents: Citi, Merrill Lynch, Morgan Stanley, UBS Securities LLC,
Wells Fargo Advisors, LLC

The Dow Chemical Company InterNotes will be subject to redemption at the option of The Dow Chemical Company, in whole on the interest payment
date occurring on 04/15/2016 and on any interest payment date thereafter at a redemption price equal to 100% of the principal amount of the The Dow
Chemical Company InterNotes plus accrued interest thereon, if any, upon at least 30 days prior notice to the noteholder and the trustee, as described in
the prospectus.

Trade Date: Monday, March 30, 2015 @ 12:00
The Dow Chemical Company
PM ET Settle Date: Thursday, April 2, 2015

The Dow Chemical Company InterNotes

Minimum Denomination/Increments: $1,000.00/$1,000.00
Initial trades settle flat and clear SDFS: DTC Book Entry

only DTC Number 0235 via RBC Dain Rauscher Inc
The Dow Chemical Company

If the maturity date or an interest payment date for any note
2030 Willard H. Dow Center
is not a business day (as term is defined in prospectus),
Midland, Michigan 48674
principal, premium, if any, and interest for that note is paid
on the next business day, and no interest will accrue from,
http://www.sec.gov/Archives/edgar/data/29915/000119312515114232/d869099d424b2.htm[3/31/2015 4:51:30 PM]


424B2
and after, the maturity date or interest payment date.

Legal Matters:

In the opinion of Kenneth Hemler, Senior Counsel, of The
Dow Chemical Company (the "Company"), the notes
offered by this pricing supplement have been duly
authorized, and when executed and issued by the Company,
authenticated by the Trustee pursuant to the Indenture, and
delivered against payment as contemplated herein, such
notes will be legal, valid and binding obligations of the
Company enforceable against the Company in accordance
with their terms and entitled to the benefits of the Indenture
(subject to applicable bankruptcy, reorganization, insolvency,
moratorium or other laws affecting creditors' rights
generally from time to time in effect and to general
principles of equity). This opinion is given as of the date
hereof and is limited to the law of the State of New York
and the General Corporation Law of the State of Delaware
as in effect on the date hereof. In addition, this opinion is
subject to the same assumptions and qualifications stated in
the letter of such counsel dated February 16, 2015, filed in
the Company's Current Report on Form 8-K dated February
16, 2015 and incorporated by reference as Exhibit 5.1 to the
Company's registration statement on Form S-3 ASR
(No. 333-186728). Capitalized terms used in this paragraph
without definition have the meanings ascribed to them in the
accompanying Prospectus Supplement.

InterNotes® is a registered trademark of Incapital
Holdings LLC. All Rights Reserved.

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