Pricing Supplement No. 97

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 September 06, 2011

Filed Under Rule 424(b)(3), Registration Statement No. 333-164985

Pricing Supplement No. 97 Dated September 06, 2011

(To: Prospectus Dated February 19, 2010 and Prospectus Supplement Dated February 19, 2010)

 

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
26054LNC3       100.000%   1.250%       2.650%  

SEMI -

ANNUAL

  09/15/2016   03/15/2012   $13.25   Yes   Senior Unsecured Notes

Redemption Information: Callable at 100% on 9/15/2012 and every coupon date thereafter.

Joint Lead Managers and Lead Agents: BofA Merrill Lynch, Incapital, LLC Agents: Charles Schwab & Co., Inc., Citigroup Global Markets Inc., Morgan Stanley & Co., Incorporated, 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 any time on or after 09/15/2012 at a redemption price equal to 100% of the principal amount of 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.

 

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
26054LND1       100.000%   1.450%       3.450%  

SEMI -

ANNUAL

  09/15/2018   03/15/2012   $17.25   Yes   Senior Unsecured Notes

Redemption Information: Callable at 100% on 9/15/2012 and every coupon date thereafter.

Joint Lead Managers and Lead Agents: BofA Merrill Lynch, Incapital, LLC Agents: Charles Schwab & Co., Inc., Citigroup Global Markets Inc., Morgan Stanley & Co., Incorporated, 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 any time on or after 09/15/2012 at a redemption price equal to 100% of the principal amount of 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.


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

26054LNE9       100.000%   1.800%       4.050%   SEMI-ANNUAL   09/15/2021   03/15/2012   $20.25   Yes   Senior Unsecured Notes

Redemption Information: Callable at 100% on 9/15/2012 and every coupon date thereafter.

Joint Lead Managers and Lead Agents: BofA Merrill Lynch, Incapital, LLC Agents: Charles Schwab & Co., Inc., Citigroup Global Markets Inc., Morgan Stanley & Co., Incorporated, 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 any time on or after 09/15/2012 at a redemption price equal to 100% of the principal amount of 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.

 

 

The Dow Chemical Company

  

Trade Date: Monday, September 12, 2011 @12:00 PM ET

Settle Date: Thursday, September 15, 2011

Minimum Denomination/Increments:$1,000.00/$1,000.00 All 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