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 April 28, 2014

 

                              Filed under 424(b)(3), Registration Statement No. 333-186728
        Pricing Supplement No. 164 - Dated Monday, April 28, 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

26054LWM1

      100     1.250       2.400    

 

Semi-

Annual

  

  

    05/15/2019        11/15/2014      $ 12.47        Yes      Senior
Unsecured
Notes

 

Redemption Information: Callable at 100% on 05/15/2015 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 05/15/2015 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.

 

26054LWN9

      100     1.450       3.150    

 

Semi-

Annual

  

  

    05/15/2021        11/15/2014      $ 16.36        Yes      Senior
Unsecured
Notes

 

Redemption Information: Callable at 100% on 05/15/2015 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 05/15/2015 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.

 

26054LWP4

      100     1.800       3.650    

 

Semi-

Annual

  

  

    05/15/2024        11/15/2014      $ 18.96        Yes      Senior
Unsecured
Notes

 

Redemption Information: Callable at 100% on 05/15/2015 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 05/15/2015 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: Monday, May 5, 2014 @ 12:00
PM ET Settle Date: Thursday, May 8, 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