Pricing Supplement No. 104

Filed under 424(b)(3), Registration Statement No. 333-164985

Pricing Supplement No. 104 - Dated Monday, December 12, 2011 (To: Prospectus Dated February 19, 2010, and Prospectus Supplement Dated February 19, 2010)

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

 

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
 

26054LNZ2

      100     1.250       2.600     Semi-Annual        12/15/2016        06/15/2012      $ 12.49      Yes     Senior Unsecured Notes   

Redemption Information: Callable at 100.000% on 12/15/2012 and every coupon date thereafter

Joint Lead Managers and Lead Agents: BofA Merrill Lynch, Incapital LLC    Agents: Citi, Merrill Lynch, Morgan Stanley, UBS Securities LLC, Wells Fargo Advisors, LLC

The Dow Chemical Company InterNotes will be subject to redemption at the option of The Dow Chemical Company, in whole on the interest payment date occurring on 12/15/2012 and on any interest payment date thereafter at a redemption price equal to 100% of the principal amount of the The Dow Chemical Company InterNotes plus accrued interest thereon, if any, upon at least 30 days prior notice to the noteholder and the trustee, as described in the prospectus.

 

26054LPA5

        100     1.450         3.600     Semi-Annual        12/15/2018        06/15/2012      $ 17.30      Yes     Senior Unsecured Notes   

Redemption Information: Callable at 100.000% on 12/15/2012 and every coupon date thereafter

Joint Lead Managers and Lead Agents: BofA Merrill Lynch, Incapital LLC    Agents: Citi, Merrill Lynch, Morgan Stanley, UBS Securities LLC, Wells Fargo Advisors, LLC

The Dow Chemical Company InterNotes will be subject to redemption at the option of The Dow Chemical Company, in whole on the interest payment date occurring on 12/15/2012 and on any interest payment date thereafter at a redemption price equal to 100% of the principal amount of the The Dow Chemical Company InterNotes plus accrued interest thereon, if any, upon at least 30 days prior notice to the noteholder and the trustee, as described in the prospectus.

 

26054LPB3

        100     1.800         4.100     Semi-Annual        12/15/2021        06/15/2012      $ 19.70      Yes     Senior Unsecured Notes   

Redemption Information: Callable at 100.000% on 12/15/2012 and every coupon date thereafter

Joint Lead Managers and Lead Agents: BofA Merrill Lynch, Incapital LLC    Agents: Citi, Merrill Lynch, Morgan Stanley, UBS Securities LLC, Wells Fargo Advisors, LLC

The Dow Chemical Company InterNotes will be subject to redemption at the option of The Dow Chemical Company, in whole on the interest payment date occurring on 12/15/2012 and on any interest payment date thereafter at a redemption price equal to 100% of the principal amount of the The Dow Chemical Company InterNotes plus accrued interest thereon, if any, upon at least 30 days prior notice to the noteholder and the trustee, as described in the prospectus.

 

 

LOGO  

 

The Dow Chemical Company

2030 Willard H. Dow Center

Midland MI 48674

  

 

Trade Date: Monday, December 19, 2011 @ 12:00 PM ET Settle Date: Thursday, December 22, 2011

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

 

If the maturity date or an interest payment date for any note is not a business day (as term is defined in prospectus), principal, premium, if any, and interest for that note is paid on the next business day, and no interest will accrue from, and after, the maturity date or interest payment date.

 

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

  

 

 

 

 

 

The Dow Chemical Company

 

The Dow Chemical Company InterNotes