Obbligazione DowChem 4.05% ( US26054LK698 ) in USD

DowChem

84.801 USD ▼

Stati Uniti

US26054LK698 ( in USD )

4.05% per anno ( pagato 2 volte l'anno)

15/08/2049

Prospetto opuscolo dell'obbligazione Dow Chemical US26054LK698 en USD 4.05%, scadenza 15/08/2049

1 000 USD

14 170 000 USD

26054LK69

BBB ( Lower medium grade - Investment-grade )

Baa2 ( Lower medium grade - Investment-grade )

15/02/2026 ( In 61 giorni )

Dow Chemical è una multinazionale statunitense leader nella produzione di materiali scientifici, con un vasto portafoglio di prodotti chimici, materie plastiche e prodotti agricoli.

The Obbligazione issued by DowChem ( United States ) , in USD, with the ISIN code US26054LK698, pays a coupon of 4.05% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 15/08/2049

The Obbligazione issued by DowChem ( United States ) , in USD, with the ISIN code US26054LK698, was rated Baa2 ( Lower medium grade - Investment-grade ) by Moody's credit rating agency.

The Obbligazione issued by DowChem ( United States ) , in USD, with the ISIN code US26054LK698, was rated BBB ( Lower medium grade - Investment-grade ) by Standard & Poor's ( S&P ) credit rating agency.

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CALCULATION OF REGISTRATION FEE

Title of Each Class of
Maximum Aggregate
Amount of
Securities Offered

Offering Price

Registration Fee

2.350% InterNotes® Due August 15, 2024
$2,178,000

$263.97

3.000% InterNotes® Due August 15, 2029
$3,226,000

$390.99

4.050% InterNotes® Due August 15, 2049
$14,170,000

$1,717.40

Filed under 424(b)(2), Registration Statement No. 333-232862-01
Pricing Supplement No. 3 - Dated Monday, August 19, 2019 (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
26054LK44 $2,178,000.00 100% 1.250% $2,150,775.00 2.350% Semi-Annual 08/15/2024 02/15/2020 $11.29
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 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.

26054LK51 $3,226,000.00 100%
1.800%
$3,167,932.00 3.000% Semi-Annual 08/15/2029 02/15/2020 $14.42
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 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.
26054LK69 $14,170,000.00 100%
3.150%
$13,723,645.00 4.050% Semi-Annual 08/15/2049 02/15/2020 $19.46
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 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, August 19, 2019 @ 12:00 PM ET
The Dow Chemical Company
Settle Date: Thursday, August 22, 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
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 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
The Dow Chemical Company including, the maturity date or such interest payment date.

2211 H.H. Dow Way
Legal Matters:
Midland, Michigan 48674

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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