Pricing Supplement No. 103

CALCULATION OF REGISTRATION FEE

 

 

Title of Each Class of

Securities Offered

 

Maximum Aggregate  

Offering Price  

  Amount of
Registration Fee

2.600% InterNotes® Due December 15, 2016

  $3,240,000   $371.30

3.650% InterNotes® Due December 15, 2018

  $3,811,000   $436.74

4.100% InterNotes® Due December 15, 2021

  $6,947,000   $796.13

 

 


Filed under 424(b)(2), Registration Statement No. 333-164985

Pricing Supplement No. 103 - Dated Monday, December 12, 2011 (To: Prospectus Dated February 19, 2010, and Prospectus Supplement Dated February 19, 2010)

 

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

26054LNW9

  $ 3,240,000.00        100     1.250   $ 3,199,500.00        2.600     Semi-Annual        12/15/2016        06/15/2012      $ 13.00      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.

 

26054LNX7

  $ 3,811,000.00        100     1.450   $ 3,755,740.50        3.650     Semi-Annual        12/15/2018        06/15/2012      $ 18.25      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.

 

26054LNY5

  $ 6,947,000.00        100     1.800   $ 6,821,954.00        4.100     Semi-Annual        12/15/2021        06/15/2012      $ 20.50      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

  

Trade Date: Monday, December 12, 2011 @ 12:00 PM ET Settle Date: Thursday, December 15, 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

  

The Dow Chemical Company

 

The Dow Chemical Company InterNotes

The Dow Chemical Company

2030 Willard H. Dow Center

Midland MI 48674

   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.   
  

Legal Matters:

 

In the opinion of Kenneth Hemler, Counsel, of The Dow Chemical Company (the “Company”), the notes offered by this pricing supplement have been duly authorized, and when executed and issued by the Company, authenticated by the Trustee pursuant to the Indenture, and delivered against payment as contemplated herein, such notes will be legal, valid and binding obligations of the Company enforceable against the Company in accordance with their terms and entitled to the benefits of the Indenture (subject to applicable bankruptcy, reorganization, insolvency, moratorium or other laws affecting creditors’ rights generally from time to time in effect and to general principles of equity). This opinion is given as of the date hereof and is limited to the law of the State of New York and the General Corporation Law of the State of Delaware as in effect on the date hereof. In addition, this opinion is subject to the same assumptions and qualifications stated in the letter of such counsel dated November 22, 2011, filed in the Company’s Current Report on Form 8-K dated November 22, 2011 and incorporated by reference as Exhibit 5.1 to the Company’s registration statement on Form S-3 ASR (No.: 333-164985). Capitalized terms used in this paragraph without definition have the meanings ascribed to them in the accompanying Prospectus Supplement.

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