Pricing Supplement No. 138

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 June 10, 2013

 

                       Filed under 424(b)(3), Registration Statement No. 333-186728
          Pricing Supplement No 138 - Dated Monday, June 10, 2013 (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

26054LTF0

        100     1.250        2.050     Semi-Annual         06/15/2018         12/15/2013       $ 9.97         Yes       Senior
Unsecured
Notes

 

Redemption Information: Callable at 100% on 06/15/2014 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 06/15/2014 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.

 

26054LTG8

        100     1.450        2.850     Semi-Annual         06/15/2020         12/15/2013       $ 13.85         Yes       Senior
Unsecured
Notes

 

Redemption Information: Callable at 100% on 06/15/2014 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 06/15/2014 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.

 

26054LTH6

        100     1.800        3.500     Semi-Annual         06/15/2023         12/15/2013       $ 17.01         Yes       Senior
Unsecured
Notes

 

Redemption Information: Callable at 100% on 06/15/2014 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 06/15/2014 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, June 17, 2013 @ 12:00

PM ET Settle Date: Thursday, June 20, 2013

 

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