The Dow Chemical Company InterNotes: Key Details and Redemption Options

The Dow Chemical Company has announced the details of its InterNotes, a type of senior unsecured note designed to provide investors with a specific yield and redemption option. The notes, which are due on June 15, 2033 and June 15, 2053, offer a 5.250% and 5.850% semi-annual yield, respectively. The notes can be redeemed at 100% of the principal amount, plus accrued interest, upon a minimum of 10 and a maximum of 60 days' prior notice to the noteholder and the trustee.

Key Takeaways:

• The Dow Chemical Company InterNotes offer two tranches, one due on June 15, 2033 and another on June 15, 2053.
• The 5.250% tranche has a face value of $186,000, while the 5.850% tranche has a face value of $661,000.
• The notes are senior unsecured and can be redeemed at 100% of the principal amount, plus accrued interest.
• Investment advisers and selected dealers may purchase the notes at a discount to the public offering rate, with a maximum discount of 2.4000% for the 5.850% tranche.
• The notes are subject to redemption at the option of The Dow Chemical Company, with a minimum of 10 and a maximum of 60 days' prior notice to the noteholder and the trustee.

Statistics:

• The 5.250% tranche has a semi-annual yield of 5.250% and a face value of $186,000.
• The 5.850% tranche has a semi-annual yield of 5.850% and a face value of $661,000.
• The notes can be redeemed at 100% of the principal amount, plus accrued interest.
• Investment advisers and selected dealers may purchase the notes at a discount to the public offering rate, with a maximum discount of 2.4000% for the 5.850% tranche.

Sources:

• EDGAR Online via COMTEX
• The Dow Chemical Company InterNotes prospectus
• InspereX LLC
• Citigroup
• Wells Fargo Advisors