Obligation DowChem 3.8% ( US26054LR628 ) en USD

DowChem

100 % ▲

Etas-Unis

US26054LR628 ( en USD )

3.8% par an ( paiement semestriel )

15/03/2050

Prospectus brochure de l'obligation Dow Chemical US26054LR628 en USD 3.8%, échéance 15/03/2050

1 000 USD

304 000 USD

26054LR62

BBB ( Qualité moyenne inférieure )

Baa1 ( Qualité moyenne inférieure )

15/03/2026 ( Dans 90 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 US26054LR628, paye un coupon de 3.8% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 15/03/2050

L'Obligation émise par DowChem ( Etas-Unis ) , en USD, avec le code ISIN US26054LR628, 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 US26054LR628, a été notée BBB ( Qualité moyenne inférieure ) par l'agence de notation Standard & Poor's ( S&P ).

424B2
424B2 1 d886287d424b2.htm 424B2
CALCU LAT I ON OF REGI ST RAT I ON FEE
T it le of Ea c h Cla ss of
M a x im um Aggre ga t e
Am ount of
Se c urit ie s Offe re d

Offe ring Pric e

Re gist ra t ion Fe e
1.950% InterNotes® Due March 15, 2025

$
286,000
$
37.12
2.700% InterNotes® Due March 15, 2030

$
31,000
$
4.02
3.800% InterNotes® Due March 15, 2050

$
304,000
$
39.46
File d unde r 4 2 4 (b)(2 ), Re gist ra t ion St a t e m e nt N o. 3 3 3 -2 3 2 8 6 2 -0 1
Pric ing Supple m e nt N o. 1 9 --Da t e d M onda y, M a rc h 2 3 , 2 0 2 0 (T o: Prospe c t us Da t e d J uly 2 6 , 2 0 1 9 , a nd Prospe c t us Supple m e nt Da t e d J uly 2 6 , 2 0 1 9 )
1 st
1 st
CU SI P
Princ ipa l
Se lling
Gross
N e t
Coupon
Coupon
M a t urit y
Coupon
Coupon
Survivor's
Produc t
N um be r
Am ount

Pric e
Conc e ssion
Proc e e ds

Ra t e

Fre que nc y
Da t e

Da t e

Am ount

Opt ion

Ra nk ing
2 6 0 5 4 LR4 7 $286,000.00
100%

1.250%

$282,425.00
1.950%

Semi-Annual
03/15/2025

09/15/2020

$9.15

Yes
Senior Unsecured Notes
Re de m pt ion I nform a t ion: Ca lla ble a t 1 0 0 .0 0 0 % on 9 /1 5 /2 0 2 0 a nd a ny t im e t he re a ft e r.

J oint Le a d M a na ge rs a nd Le a d Age nt s: Incapital LLC Age nt s: 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.

2 6 0 5 4 LR5 4 $31,000.00
100%

1.800%

$30,442.00

2.700%

Semi-Annual
03/15/2030

09/15/2020

$12.68

Yes
Senior Unsecured Notes

Re de m pt ion I nform a t ion: Ca lla ble a t 1 0 0 .0 0 0 % on 9 /1 5 /2 0 2 0 a nd a ny t im e t he re a ft e r.

J oint Le a d M a na ge rs a nd Le a d Age nt s: Incapital LLC Age nt s: 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.
2 6 0 5 4 LR6 2 $304,000.00
100%

3.150%

$294,424.00
3.800%

Semi-Annual
03/15/2050

09/15/2020

$17.84

Yes
Senior Unsecured Notes

Re de m pt ion I nform a t ion: Ca lla ble a t 1 0 0 .0 0 0 % on 9 /1 5 /2 0 2 0 a nd a ny t im e t he re a ft e r.

J oint Le a d M a na ge rs a nd Le a d Age nt s: Incapital LLC Age nt s: 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 23, 2020 @ 12:00 PM ET
T he Dow Che m ic a l Com pa ny

Settle Date: Thursday, March 26, 2020
T he Dow Che m ic a l Com pa ny I nt e rN ot e s
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

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

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.

I nt e rN ot e s ® is a re gist e re d t ra de m a rk of I nc a pit a l H oldings LLC. All Right s Re se rve d.

https://www.sec.gov/Archives/edgar/data/29915/000119312520082098/d886287d424b2.htm[3/23/2020 4:00:18 PM]

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