424B3

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 February 10, 2014

 

                       Filed under 424(b)(3), Registration Statement No.  333-186728
          Pricing Supplement No 157 - Dated Monday, February 10, 2014 (To: Prospectus Dated February 19, 2013, and Prospectus Supplement Dated February 19, 2013)
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

26054LVQ3

        100     1.250        2.200    
 
Semi-
Annual
 
  
     02/15/2019         08/15/2014       $ 10.63         Yes       Senior
Unsecured
Notes

 

Redemption Information: Callable at 100% on 02/15/2015 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 02/15/2015 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.

 

26054LVR1

        100     1.450        3.250    
 
Semi-
Annual
 
  
     02/15/2021         08/15/2014       $ 15.71         Yes       Senior
Unsecured
Notes

 

Redemption Information: Callable at 100% on 02/15/2015 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 02/15/2015 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.

 

26054LVS9

        100     1.800        3.900    
 
Semi-
Annual
 
  
     02/15/2024         08/15/2014       $ 18.85         Yes       Senior
Unsecured
Notes

Redemption Information: Callable at 100% on 02/15/2015 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 02/15/2015 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, Michigan 48674

 

 

Trade Date: Tuesday, February 18, 2014 @ 12:00

PM ET Settle Date: Friday, February 21, 2014

 

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