Obligation DowChem 4.25% ( US26054LJ872 ) en USD

DowChem

100 % ▲

Etas-Unis

US26054LJ872 ( en USD )

4.25% par an ( paiement semestriel )

15/08/2049

Prospectus brochure de l'obligation Dow Chemical US26054LJ872 en USD 4.25%, échéance 15/08/2049

1 000 USD

28 806 000 USD

26054LJ87

BBB ( Qualité moyenne inférieure )

Baa1 ( Qualité moyenne inférieure )

15/02/2026 ( Dans 63 jours )

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 US26054LJ872, paye un coupon de 4.25% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 15/08/2049

L'Obligation émise par DowChem ( Etas-Unis ) , en USD, avec le code ISIN US26054LJ872, a été notée Baa1 ( Qualité moyenne inférieure ) par l'agence de notation Moody's.

L'Obligation émise par DowChem ( Etas-Unis ) , en USD, avec le code ISIN US26054LJ872, a été notée BBB ( Qualité moyenne inférieure ) par l'agence de notation Standard & Poor's ( S&P ).

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CALCULATION OF REGISTRATION FEE

Title of Each Class of
Maximum Aggregate
Amount of

Securities Offered

Offering Price

Registration Fee

2.450% InterNotes® Due August 15, 2024

$4,335,000

$525.40

3.150% InterNotes® Due August 15, 2029

$9,659,000

$1,170.67

4.250% InterNotes® Due August 15, 2049

$28,806,000

$3,491.29
Filed under 424(b)(2), Registration Statement No. 333-232862-01
Pricing Supplement No. 1 - Dated Monday, August 5, 2019 (To: Prospectus Dated July 26, 2019, and Prospectus Supplement Dated July 26, 2019)
CUSIP
Principal
Gross
Net
Coupon
Coupon
Maturity 1st Coupon 1st Coupon Survivor's
Product

Number
Amount Selling Price

Concession

Proceeds
Rate

Frequency
Date
Date
Amount Option

Ranking
26054LJ61 $4,335,000.00
100%

1.250%
$4,280,812.50 2.450% Semi-Annual 08/15/2024 02/15/2020
$12.73

Yes
Senior Unsecured Notes

Redemption Information: Callable at 100.000% on 02/15/2020 and any time thereafter

Joint Lead Managers and Lead Agents: Incapital LLC Agents: Citigroup, Morgan Stanley, Wells Fargo Advisors

This tranche of The Dow Chemical Company InterNotes will be subject to redemption at the option of The Dow Chemical Company, in whole or in part, on the interest
payment date occurring on 02/15/2020 and on any interest payment date thereafter at a redemption price equal to 100% of the principal amount of such the The Dow
Chemical Company InterNotes plus accrued interest thereon, if any, upon not less than 10 nor more than 60 days prior notice to the noteholder and the trustee, as
described in the prospectus.

Investment advisers purchasing for the account of their advisory clients and selected dealers purchasing on an agency basis or for their own accounts on a principal or
riskless principal basis, may be offered Notes at a 0.8500% discount to the public offering rate. Notes purchased by selected dealers in level-fee and retirement accounts
may be sold to such accounts at a discount up to 0.8500% to the public offering price, thereby not retaining any portion of the discount as compensation.

26054LJ79 $9,659,000.00
100%

1.800%
$9,485,138.00 3.150% Semi-Annual 08/15/2029 02/15/2020
$16.36

Yes
Senior Unsecured Notes

Redemption Information: Callable at 100.000% on 02/15/2020 and any time thereafter

Joint Lead Managers and Lead Agents: Incapital LLC Agents: Citigroup, Morgan Stanley, Wells Fargo Advisors
This tranche of The Dow Chemical Company InterNotes wil be subject to redemption at the option of The Dow Chemical Company, in whole or in part, on the
interest payment date occurring on 02/15/2020 and on any interest payment date thereafter at a redemption price equal to 100% of the principal amount of such
the The Dow Chemical Company InterNotes plus accrued interest thereon, if any, upon not less than 10 nor more than 60 days prior notice to the noteholder
and the trustee, as described in the prospectus..

Investment advisers purchasing for the account of their advisory clients and selected dealers purchasing on an agency basis or for their own accounts on a
principal or riskless principal basis, may be offered Notes at a 1.2500% discount to the public offering rate. Notes purchased by selected dealers in level-fee and
retirement accounts may be sold to such accounts at a discount up to 1.2500% to the public offering price, thereby not retaining any portion of the discount as
compensation.
26054LJ87 $28,806,000.00
100%

3.150%
$27,898,611.00 4.250% Semi-Annual 08/15/2049 02/15/2020
$22.08

Yes
Senior Unsecured Notes

Redemption Information: Callable at 100.000% on 02/15/2020 and any time thereafter

Joint Lead Managers and Lead Agents: Incapital LLC Agents: Citigroup, Morgan Stanley, Wells Fargo Advisors
This tranche of The Dow Chemical Company InterNotes will be subject to redemption at the option of The Dow Chemical Company, in whole or in part, on the interest
payment date occurring on 02/15/2020 and on any interest payment date thereafter at a redemption price equal to 100% of the principal amount of such the The Dow
Chemical Company InterNotes plus accrued interest thereon, if any, upon not less than 10 nor more than 60 days prior notice to the noteholder and the trustee, as
described in the prospectus.

Investment advisers purchasing for the account of their advisory clients and selected dealers purchasing on an agency basis or for their own accounts on a principal or
riskless principal basis, may be offered Notes at a 2.4000% discount to the public offering rate. Notes purchased by selected dealers in level-fee and retirement accounts
may be sold to such accounts at a discount up to 2.4000% to the public offering price, thereby not retaining any portion of the discount as compensation.

Trade Date: Monday, August 5, 2019 @ 12:00 PM ET
The Dow Chemical Company
Settle Date: Thursday, August 8, 2019

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

If the maturity date or an interest payment date for any note is not a business day (as such
2211 H.H. Dow Way
term is defined in prospectus), principal and premium, if any, and interest for that note is
paid on the next business day, and no further such interest will accrue from, and including,
the maturity date or such interest payment date.

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Legal Matters:
In the opinion of Leah Trzcinski, Counsel and Assistant Secretary, 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 August 5, 2019, filed in the Company's
Current Report on Form 8-K dated August 5, 2019 and incorporated by reference as Exhibit 5.1 to the Company's registration
statement on Form S-3 ASR (File No. 333-232862-01). 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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