Pricing Supplement No. 28

Filed Under Rule 424(b)(3), Registration Statement No. 333-101647

Pricing Supplement No. 28—dated June 30, 2003 (To: Prospectus Dated December 18, 2002 and Prospectus Supplement Dated April 25, 2003)


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

26054LDX8

   $ 3,038,000.00    100.000%    0.625%    $ 3,019,012.50    2.050%    SEMI-
ANNUAL
   07/15/2006    01/15/2004    $10.93    YES    Senior
Unsecured
Notes

Redemption Information: Non-Callable

Joint Lead Managers and Lead Agents: Banc of America Securities LLC, INCAPITAL, LLC Agents: Charles Schwab & Co. Inc.,

Citigroup, Merrill Lynch & Co., Morgan Stanley, Prudential Securities, UBS Financial Services, Inc., Wachovia Securities


26054LDY6

   $ 4,367,000.00    100.000%    1.000%    $ 4,323,330.00    3.050%    SEMI-
ANNUAL
   07/15/2008    01/15/2004    $16.27    YES    Senior
Unsecured
Notes

Redemption Information: Non-Callable

Joint Lead Managers and Lead Agents: Banc of America Securities LLC, INCAPITAL, LLC Agents: Charles Schwab & Co. Inc.,

Citigroup, Merrill Lynch & Co., Morgan Stanley, Prudential Securities, UBS Financial Services, Inc., Wachovia Securities


26054LDZ3

   $ 1,154,000.00    100.000%    1.200%    $ 1,140,152.00    3.700%    SEMI-
ANNUAL
   07/15/2010    01/15/2004    $19.73    YES    Senior
Unsecured
Notes

Redemption Information: Non-Callable

Joint Lead Managers and Lead Agents: Banc of America Securities LLC, INCAPITAL, LLC Agents: Charles Schwab & Co. Inc.,

Citigroup, Merrill Lynch & Co., Morgan Stanley, Prudential Securities, UBS Financial Services, Inc., Wachovia Securities


26054LEA7

   $ 1,866,000.00    100.000%    1.500%    $ 1,838,010.00    4.350%    SEMI-
ANNUAL
   07/15/2013    01/15/2004    $23.20    YES    Senior
Unsecured
Notes

Redemption Information: Non-Callable

Joint Lead Managers and Lead Agents: Banc of America Securities LLC, INCAPITAL, LLC Agents: Charles Schwab & Co. Inc., Citigroup,

Merrill Lynch & Co., Morgan Stanley, Prudential Securities, UBS Financial Services, Inc., Wachovia Securities


LOGO

 

The Dow Chemical Company

  

Trade Date: Monday, June 30, 2003 @12:00 PM ET

Settle Date: Thursday, July 3, 2003

Minimum Denomination/Increments: $1,000/$1,000

All trades settle flat and clear SDFS: DTC Book Entry only

DTC number: 0262 via BNY Clearing Services, LLC

 

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 the trade mark of INCAPITAL, LLC. All rights reserved

  

The Dow Chemical Company

The Dow Chemical Company Internotes


 

 

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