Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
July 29 2019 - 3:02PM
Edgar (US Regulatory)
The information in this preliminary pricing supplement is not complete and may
be changed. This preliminary pricing supplement and the accompanying prospectus supplement and prospectus are not offers to sell these securities and are not soliciting an offer to buy these securities in any jurisdiction where the offer or sale is
not permitted.
Subject to completion
Preliminary Pricing Supplement dated July 29, 2019
Filed under 424(b)(3), Registration Statement
No. 333-232862-01
Pricing Supplement No. 1 - Dated
Monday, July 29, 2019 (To: Prospectus Dated July 26, 2019, and Prospectus Supplement Dated July 26, 2019)
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CUSIP
Number
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Principal
Amount
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Selling
Price
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Gross
Concession
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Net
Proceeds
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Coupon
Rate
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Coupon
Frequency
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Maturity
Date
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1st
Coupon
Date
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1st
Coupon
Amount
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Survivors
Option
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Product
Ranking
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26054LJ61
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100%
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1.250%
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2.450%
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Semi-Annual
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08/15/2024
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02/15/2020
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$12.73
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Yes
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Senior Unsecured Notes
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Redemption Information:
Callable
at 100.000% on 02/15/2020 and any time thereafter
Joint Lead Managers
and Lead Agents: I
ncapital LLC
Agents:
Citigroup, Morgan Stanley, Wells Fargo Advisors
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
02/15/2020 and anytime 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 not less than 10 days 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.
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26054LJ79
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100%
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1.800%
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3.150%
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Semi-Annual
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08/15/2029
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02/15/2020
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$16.36
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Yes
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Senior Unsecured Notes
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Redemption Information:
Callable at 100.000% on 02/15/2020 and any time thereafter
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Joint Lead Managers and Lead Agents:
Incapital
LLC
Agents:
Citigroup, Morgan Stanley, Wells Fargo Advisors
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
02/15/2020 and anytime 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 not less than 10 days 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.
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26054LJ87
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100%
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3.150%
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4.250%
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Semi-Annual
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08/15/2049
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02/15/2020
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$22.08
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Yes
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Senior Unsecured Notes
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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
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 02/15/2020 and anytime 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 not less than 10
days 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.
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The Dow Chemical Company
2211 H. H. Dow Way
Midland, Michigan 48674
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Trade Date: Monday, August 5, 2019 @ 12:00 PM ET
Settle
Date: Thursday, August 8, 2019
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 term is defined in prospectus), 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.
InterNotes
®
is
a registered trademark of Incapital Holdings LLC. All Rights Reserved.
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The Dow Chemical Company
The Dow Chemical Company InterNotes
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