424B2 1 d348989d424b2.htm 424B2 424B2

CALCULATION OF FILING FEE TABLE

424(b)(2)

(Form Type)

The Dow Chemical Company

(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   3.800% InterNotes® Due 

May 15, 2027

  457(r)   $1,394,000   100%   $1,394,000   0.0000927   $129.22
Fees to be Paid   Debt   4.200% InterNotes® Due 

May 15, 2032

  457(r)   $188,000   100%   $188,000     0.0000927     $17.43
Fees to be Paid   Debt   4.700% InterNotes® Due 

May 15, 2052

  457(r)   $527,000   100%   $527,000   0.0000927   $48.85
    Total Offering Amount         $2,109,000.00        
    Net Fee Due               $195.50

Filed under 424(b)(2), Registration Statement No. 333-232862-01    

Pricing Supplement No. 82 - Dated Monday, May 9, 2022 (To: Prospectus Dated July 26, 2019, and Prospectus Supplement Dated July 26, 2019)    

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

26054L6F5

  $1,394,000.00   100%   1.250%   $1,376,575.00   3.800%   Semi-Annual   05/15/2027   11/15/2022   $19.32   Yes   Senior Unsecured Notes

Redemption Information: Callable at 100.000% on 11/15/2022 and any time thereafter.

 

Joint Lead Managers and Lead Agents: InspereX 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 11/15/2022 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.

 

 

 

 

 

 

 

 

 

 

 

26054L6G3   $188,000.00   100%   1.800%   $184,616.00   4.200%   Semi-Annual   05/15/2032   11/15/2022   $21.35   Yes   Senior Unsecured Notes

Redemption Information: Callable at 100.000% on 11/15/2022 and any time thereafter.

 

Joint Lead Managers and Lead Agents: InspereX 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 11/15/2022 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.

 

 

 

 

 

 

 

 

 

 

 

26054L6H1   $527,000.00   100%   3.150%   $510,399.50   4.700%   Semi-Annual   05/15/2052   11/15/2022   $23.89   Yes   Senior Unsecured Notes

Redemption Information: Callable at 100.000% on 11/15/2022 and any time thereafter.

 

Joint Lead Managers and Lead Agents: InspereX 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 11/15/2022 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 Company

2211 H.H. Dow Way

Midland, Michigan 48674

  

Trade Date: Monday, May 9, 2022 @ 12:00 PM ET

Settle Date: Thursday, May 12, 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

 

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, 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 May 12, 2020, filed in the Company’s Current Report on Form 8-K dated May 12, 2020 and incorporated by reference as Exhibit 5.1 to the Company’s registration statement on Form S-3 ASR (File No. 333-232862-01).

 

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

  

The Dow Chemical Company

 

The Dow Chemical Company InterNotes