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