0001193125-22-232729.txt : 20220829 0001193125-22-232729.hdr.sgml : 20220829 20220829155733 ACCESSION NUMBER: 0001193125-22-232729 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20220829 DATE AS OF CHANGE: 20220829 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DOW CHEMICAL CO /DE/ CENTRAL INDEX KEY: 0000029915 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS, MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS [2821] IRS NUMBER: 381285128 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-265556-01 FILM NUMBER: 221211216 BUSINESS ADDRESS: STREET 1: 2211 H.H. DOW WAY CITY: MIDLAND STATE: MI ZIP: 48674-2030 BUSINESS PHONE: 989-636-1000 MAIL ADDRESS: STREET 1: 2211 H.H. DOW WAY CITY: MIDLAND STATE: MI ZIP: 48674-2030 424B3 1 d400735d424b3.htm 424B3 424B3

CALCULATION OF FILING FEE TABLE

424(b)(3)

(Form Type)

The Dow Chemical

(Exact name of Registrant as Specified in its Charter)

Table 1: Newly Registered Securities

 

                 
     Security Type  

Security

Class

Title

 

Calculation

Fee or

Forward

Carry Rule

  Amount
Registered
 

Proposed
Maximum
Offering
Price per

Unit

 

Maximum
Aggregate

Offering

Price

  Fee Rate   Amount of
Registration
Fee
                 
Fees to be Paid   Debt   4.250% InterNotes® Due September 15, 2027   457(r)   $1,452,000   100%   $1,452,000   0.0000927   $134.60
                 
Fees to be Paid   Debt   4.550% InterNotes® Due September 15, 2032   457(r)   $286,000   100%   $286,000   0.0000927   $26.51
                 
Fees to be Paid   Debt   5.150% InterNotes® Due September 15, 2052   457(r)   $1,304,000   100%   $1,304,000   0.0000927   $120.88
                 
      Total Offering Amount         $3,042,000.00      
                 
        Net Fee Due                       $281.99

Filed under 424(b)(3), Registration Statement No. 333-265556-01

Pricing Supplement No. 4 - Dated Monday, August 29, 2022 (To: Prospectus Dated June 13, 2022, and Prospectus Supplement Dated July 22, 2022)

 

CUSIP
Number

 

Principal
Amount

 

Selling
Price

 

Gross
Concession

 

Net
Proceeds

 

Coupon
Rate

 

Coupon
Frequency

 

Maturity
Date

 

1st Coupon
Date

 

1st Coupon
Amount

 

Survivor’s
Option

 

Product
Ranking

26054MAA9

  $1,452,000.00   100%   1.250%   $1,433,850.00   4.250%   Semi-Annual   09/15/2027   03/15/2023   $22.90   Yes  

Senior Unsecured Notes

Redemption Information: Callable at 100.000% on 3/15/2023 and any time thereafter.

Joint Lead Managers and Lead Agents: InspereX LLC Agents: Citigroup, Wells Fargo Advisors

This tranche of The Dow Chemical Company InterNotes will be subject to redemption at the option of The Dow Chemical , in whole or in part, on the interest payment date occurring on 03/15/2023 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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  26054MAB7   $286,000.00   100%   1.800%   $280,852.00   4.550%   Semi-Annual   09/15/2032   03/15/2023   $24.52   Yes  

Senior Unsecured Notes

 

Redemption Information: Callable at 100.000% on 3/15/2023 and any time thereafter.

 

Joint Lead Managers and Lead Agents: InspereX LLC         Agents: Citigroup, Wells Fargo Advisors

 

This tranche of The Dow Chemical Company InterNotes will be subject to redemption at the option of The Dow Chemical , in whole or in part, on the interest payment date occurring on 03/15/2023 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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

26054MAC5

  $1,304,000.00   100%   3.150%   $1,262,924.00   5.150%   Semi-Annual   09/15/2052   03/15/2023   $27.75   Yes  

Senior Unsecured Notes

Redemption Information: Callable at 100.000% on 3/15/2023 and any time thereafter.

Joint Lead Managers and Lead Agents: InspereX LLC         Agents: Citigroup, Wells Fargo Advisors

This tranche of The Dow Chemical Company InterNotes will be subject to redemption at the option of The Dow Chemical , in whole or in part, on the interest payment date occurring on 03/15/2023 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.

 

 

 

LOGO

The Dow Chemical 2211
H.H. Dow Way Midland,
Michigan 48674

  

Trade Date: Monday, August 29, 2022 @ 12:00 PM ET

Settle Date: Thursday, September 1, 2022

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

 

The Dow Chemical InterNotes

  

 

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 including, the maturity date or such interest payment date.

  
  

 

Legal Matters:

In the opinion of Jonathan Wendt, Senior Managing 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 July 22, 2022, filed in the Company’s Current Report on Form 8-K dated July 22, 2022 and incorporated by reference as Exhibit 5.1 to the Company’s registration statement on Form S-3 ASR (File No. 333-265556-01).

  
  

 

InterNotes® is a registered trademark of InspereX Holdings LLC. All Rights Reserved.

  
EX-FILING FEES 2 d400735dexfilingfees.htm EX-FILING FEES EX-FILING FEES

Exhibit 107

Calculation of Filining Fee Tables

424B3 (form type)

Table: Newly registered and Carry forward securities

 

                 
      Security Type   

Security

Class

Title

  Fee
 Calculation 
or Carry
Forward
Rule
  Amount
 Registered 
   Proposed 
Maximum
Offering
Price Per
Unit
 

Maximum
Aggregate

Offering

Price

  Fee Rate   Amount of
Registration
Fee
 
Newly Registered Securities
                 
 Fees to Be paid    Debt   4.250% The Dow Chemical Co Notes Due 15 September 2027   457 (r)       $1,452,000.00   0.0000927   $134.60
                 
Fees to Be paid   Debt   4.550% The Dow Chemical Co Notes Due 15 September 2032   457 (r)       $286,000.00   0.0000927   $26.51
                 
Fees to Be paid   Debt   5.150% The Dow Chemical Co  Notes Due 15 September 2052    457 (r)       $1,304,000.00   0.0000927   $120.88
           
    Total offering Amounts     $3,042,000      
           
    Total fees previously Paid          
           
    Total Fee Offsets          
           
    Net Fee Due               $281.99
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