Dow announces full redemption of all outstanding 4.125% notes due 2021

Dow inc. announced a full redemption of its 4.125% notes due 2021 issued pursuant to an indenture dated as of may 1, 2008 between tdcc and the bank of new york mellon trust company, n.a., as trustee. as of the date of issuance of the redemption notice, there was $1,250,000,000 aggregate principal amount of such notes outstanding. pursuant to the terms of the indenture, such remaining outstanding notes will be redeemed in full on november 12, 2019 at a redemption price equal to the greater of (1) 100% of the principal amount thereof, and (2) the sum of the present values of the remaining scheduled payments of principal and interest thereon (not including any portion of such interest payments accrued as of the redemption date), discounted to the redemption date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the treasury rate (as defined in the notes and determined on the third business day prior to the redemption date) plus 35 basis points, as set forth in the notes, along with accrued and unpaid interest up to, but not including, the redemption date. on the redemption date and upon tdcc’s payment of the redemption price, all rights of holders with respect to the notes being redeemed will terminate, except for the right to receive payment of the applicable redemption price upon surrender of the notes for redemption.
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