Dow Chemical to redeem $1.25 billion of 5.9% notes due 2015 on June 24

By Marisa Wong

Madison, Wis., May 24 - Dow Chemical Co. announced it intends to redeem $1.25 billion of its 5.9% notes due 2015 on June 24.

The redemption price will be the greater of (a) par and (b) the sum of the present values of the remaining scheduled payments of principal and interest, discounted to the redemption date on a semiannual basis at an applicable Treasury rate plus 50 basis points, along with accrued interest up to the redemption date.

Copies of the redemption notice can be obtained from trustee Bank of New York Mellon Trust Co., NA (800 254-2826).

The specialty chemicals company is based in Midland, Mich.

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