The Dow Chemical Company InterNotes: A Comprehensive Review

The Dow Chemical Company has announced the release of new InterNotes, a type of senior unsecured note, with features that make them attractive to investment advisers and selected dealers. The notes have a semi-annual interest rate of 1.800% and 3.150%, respectively, and are callable at 100% of the principal amount on 2/15/2024 and any time thereafter. Investment advisers purchasing for their clients and selected dealers may be offered the notes at a discount to the public offering rate.

Key Takeaways:

• The Dow Chemical Company InterNotes have a semi-annual interest rate of 1.800% and 3.150%, respectively.
• The notes are callable at 100% of the principal amount on 2/15/2024 and any time thereafter.
• Investment advisers purchasing for their clients and selected dealers may be offered the notes at a discount to the public offering rate, ranging from 0.8500% to 2.4000%.
• The notes have a redemption price of 100% of the principal amount plus accrued interest, upon not less than 10 nor more than 60 days prior notice to the noteholder and the trustee.
• InspirEx LLC is the joint lead manager and lead agent for the offering, while Citigroup and Wells Fargo Advisors are the agents.

Statistics:

• Face value of the notes: $27.24 (For 26054MC25) and $29.29 (For 26054MC33)
• Redemption price: 100% of the principal amount plus accrued interest
• Interest rate: 1.800% (For 26054MC25) and 3.150% (For 26054MC33)
• Callable on: 2/15/2024 and any time thereafter
• Discount: 0.8500%, 1.2500%, and 2.4000% offered to investment advisers and selected dealers

Sources:

• (EDGAR Online via COMTEX)
• COMTEX_437625041/2255/2023-07-31T15:33:47
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