The Dow Chemical Company InterNotes: A Comprehensive Overview

The Dow Chemical Company has announced the InterNotes series, with two tranches set to be issued on March 15, 2033, and March 15, 2053, respectively. These senior unsecured notes offer a minimum interest rate of 1.8% and 3.15%, semi-annually, with a redemption feature that allows The Dow Chemical Company to redeem the notes at par value at its discretion.

Key Takeaways:

• The InterNotes series consists of two tranches, with different interest rates and redemption features.
• The first tranche has a minimum interest rate of 1.8% and is set to mature on March 15, 2033.
• The second tranche has a minimum interest rate of 3.15% and is set to mature on March 15, 2053.
• Both tranches offer a redemption feature, allowing The Dow Chemical Company to redeem the notes at par value at its discretion.
• The InterNotes series is backed by The Dow Chemical Company and will be traded on the open market.
• Selected dealers may offer the notes at a discount of up to 1.2500% and 2.4000% for the respective tranches.

Statistics:

• Face value: $27.10 and $29.09 for the first and second tranches, respectively.
• Minimum interest rate: 1.8% and 3.15% for the first and second tranches, respectively.
• Redemption feature: Callable at 100% of the principal amount on 9/15/2023 and any time thereafter.
• Market value: Will be determined by market forces on the open market.
• Total value: The total value of the InterNotes series is not specified.

Sources:

• [EDGAR Online via COMTEX]
• [The Dow Chemical Company]