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Form 424B3 DOW CHEMICAL CO /DE/

August 8, 2022 2:32 PM EDT

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The information in this preliminary pricing supplement is not complete and may be changed. This preliminary pricing supplement and the accompanying prospectus supplement and prospectus are not offers to sell these securities and are not soliciting an offer to buy these securities in any jurisdiction where the offer or sale is not permitted.

Subject to completion

Preliminary Pricing Supplement dated August 08, 2022

Filed under 424(b)(3), Registration Statement No. 333-265556-01

Pricing Supplement No. 2–Dated Monday, August 8, 2022 (To: Prospectus Dated June 13, 2022, and Prospectus Supplement Dated July 22, 2022)

 

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

26054L7J6

      100%   1.250%      4.150%   Semi-Annual    08/15/2027    02/15/2023    $20.40    Yes    Senior Unsecured Notes

Redemption Information: Callable at 100.000% on 2/15/2023 and any time thereafter.

Joint Lead Managers and Lead Agents: InspereX LLC        Agents: Citigroup, 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 02/15/2023 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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  26054L7K3       100%   1.800%       4.400%   Semi-Annual   08/15/2032   02/15/2023   $21.63   Yes  

Senior Unsecured Notes

 

Redemption Information: Callable at 100.000% on 2/15/2023 and any time thereafter.

 

Joint Lead Managers and Lead Agents: InspereX LLC         Agents: Citigroup, 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 02/15/2023 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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

26054L7L1

    100%   3.150%     5.000%   Semi-Annual   08/15/2052   02/15/2023   $24.58   Yes  

Senior Unsecured Notes

Redemption Information: Callable at 100.000% on 2/15/2023 and any time thereafter.

Joint Lead Managers and Lead Agents: InspereX LLC        Agents: Citigroup, 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 02/15/2023 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, August 15, 2022 @ 12:00 PM ET

Settle Date: Thursday, August 18, 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

  

The Dow Chemical Company

 

The Dow Chemical Company InterNotes

  

 

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.

  
  

 

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

  


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