Obligation DowChem 3.5% ( US26054LYB34 ) en USD

DowChem

100 % ▼

Etas-Unis

US26054LYB34 ( en USD )

3.5% par an ( paiement semestriel )

15/08/2024 - Obligation échue

Prospectus brochure de l'obligation Dow Chemical US26054LYB34 en USD 3.5%, échue

1 000 USD

3 116 000 USD

26054LYB3

N/A

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.

Le marché obligataire a récemment vu l'achèvement d'une opération significative concernant une obligation d'entreprise, portant le code ISIN US26054LYB34 et le code CUSIP 26054LYB3. L'émetteur de cette dette, Dow Chemical, est un acteur industriel américain de premier plan, reconnu mondialement pour ses contributions dans les domaines des matériaux, de la chimie spécialisée et des solutions plastiques. Basée aux États-Unis, l'entreprise est un pilier de l'économie, avec une longue histoire de production et d'innovation. Cette émission, originaire des États-Unis et libellée en dollars américains (USD), offrait un taux d'intérêt nominal de 3,5% à ses souscripteurs. La taille totale de l'émission s'élevait à 3 116 000 unités de la devise, avec une taille minimale d'achat fixée à 1 000 unités, permettant ainsi une certaine accessibilité aux investisseurs. Les paiements d'intérêts étaient effectués avec une fréquence bisannuelle (2 fois par an). La date d'échéance de cette obligation était fixée au 15 août 2024. Il est important de noter que cette obligation a atteint sa maturité et a été intégralement remboursée à cette date ; le fait que son « prix actuel sur le marché » soit indiqué à 100% signifie qu'elle a été honorée à sa valeur nominale par l'émetteur lors de son remboursement, garantissant aux détenteurs la restitution de leur capital investi.

424B2
424B2 1 d767731d424b2.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 August 15, 2019

$
3,833,000
$
493.69
2.950% InterNotes® Due August 15, 2021

$
1,185,000
$
152.63
3.500% InterNotes® Due August 15, 2024

$
3,116,000
$
401.34

Filed under 424(b)(2), Registration Statement No. 333-186728
Pricing Supplement No. 176 - Dated Monday, August 25, 2014 (To: Prospectus Dated February 19, 2013, and Prospectus

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

Amount
Price Concession
Proceeds
Rate Frequency
Date

Date
Amount Option
Ranking
26054LXZ1 $3,833,000.00 100% 1.250% $3,785,087.50 2.250% Semi- 08/15/2019 02/15/2015 $
10.44
Yes Senior
Annual
Unsecured

Notes
Redemption Information: Callable at 100% on 08/15/2015 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 08/15/2015 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.
26054LYA5 $1,185,000.00 100% 1.450% $1,167,817.50 2.950% Semi- 08/15/2021 02/15/2015 $ 13.68 Yes Senior
Annual
Unsecured

Notes
Redemption Information: Callable at 100% on 08/15/2015 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 08/15/2015 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.
26054LYB3 $3,116,000.00 100% 1.800% $3,059,912.00 3.500% Semi- 08/15/2024 02/15/2015 $ 16.24 Yes Senior
Annual
Unsecured

Notes
Redemption Information: Callable at 100% on 08/15/2015 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 08/15/2015 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, August 25, 2014 @ 12:00
The Dow Chemical Company
PM ET Settle Date: Thursday, August 28, 2014

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,
and after, the maturity date or interest payment date.
Legal Matters:

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424B2
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 August
8, 2014, filed in the Company's Current Report on Form 8-K
dated August 8, 2014 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.

http://www.sec.gov/Archives/edgar/data/29915/000119312514319972/d767731d424b2.htm[8/25/2014 3:57:31 PM]

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