Obligation DowChem 1.75% ( US26054LQ307 ) en USD

DowChem

97.5 % ⇌

Etas-Unis

US26054LQ307 ( en USD )

1.75% par an ( paiement semestriel )

15/03/2025 - Obligation échue

Prospectus brochure de l'obligation Dow Chemical US26054LQ307 en USD 1.75%, échue

1 000 USD

702 000 USD

26054LQ30

N/A

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 US26054LQ307, paye un coupon de 1.75% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 15/03/2025

3/3/2020
424B2
424B2 1 d895696d424b2.htm 424B2
CALCULATION OF REGISTRATION FEE

Maximum Aggregate
Amount of
Title of Each Class of

Registration Fee

Securities Offered

Offering Price

1.750% InterNotes® Due March 15, 2025

$702,000

$91.12

2.350% InterNotes® Due March 15, 2030

$1,054,000

$136.81

3.350% InterNotes® Due March 15, 2050

$2,896,000

$375.90

Filed under 424(b)(2), Registration Statement No. 333-232862-01
Pricing Supplement No. 16 - Dated Monday, March 2, 2020 (To: Prospectus Dated July 26, 2019, and Prospectus Supplement Dated July 26, 2019)
1st
1st
CUSIP
Principal Selling
Gross
Net
Coupon
Coupon
Maturity
Coupon
Coupon Survivor's
Product
Number
Amount Price Concession Proceeds Rate Frequency
Date

Date
Amount Option
Ranking
26054LQ30 $702,000.00 100%
1.250%
$693,225.00 1.750% Semi-Annual 03/15/2025 09/15/2020 $9.24
Yes
Senior Unsecured Notes
Redemption Information: Callable at 100.000% on 9/15/2020 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 09/15/2020 and any time thereafter at a redemption price equal to 100% of the principal amount of such 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.

26054LQ48 $1,054,000.00 100% 1.800% $1,035,028.00 2.350% Semi-Annual 03/15/2030 09/15/2020 $12.40 Yes Senior Unsecured Notes

Redemption Information: Callable at 100.000% on 9/15/2020 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 09/15/2020 and any time thereafter at a redemption price equal to 100% of the principal amount of such 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.
26054LQ55 $2,896,000.00 100% 3.150% $2,804,776.00 3.350% Semi-Annual 03/15/2050 09/15/2020 $17.68 Yes Senior Unsecured Notes

Redemption Information: Callable at 100.000% on 9/15/2020 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 09/15/2020 and any time thereafter at a redemption price equal to 100% of the principal amount of such 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, March 2, 2020 @ 12:00 PM ET
The Dow Chemical Company
Settle Date: Thursday, March 5, 2020
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
DTC Number 0235 via RBC Dain Rauscher Inc

Company
If the maturity date or an interest payment date for any note is not a business day
2211 H.H. Dow Way
(as such term is defined in prospectus), principal and premium, if any, and interest
Midland, Michigan 48674
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.

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.

https://www.sec.gov/Archives/edgar/data/29915/000119312520059051/d895696d424b2.htm
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