Preliminary Pricing Supplement No.58

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 November 30, 2009

Filed Under Rule 424(b)(3), Registration Statement No. 333-140859

Pricing Supplement No. 58—dated November     , 2009 (To: Prospectus Dated February 23, 2007 and Prospectus Supplement Dated November 06, 2009)

 

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

26054LHF3

        100.000%    1.250%         4.30%    SEMI-
ANNUAL
   12/15/2014    06/15/2010    $22.10    YES    Senior
Unsecured
Notes

Redemption Information: Callable at 100.000% on 12/15/2010 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 Investment Bank, 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 12/15/2010 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.

26054LHG1

        100.000%    1.450%         5.10%    SEMI-
ANNUAL
   12/15/2016    06/15/2010    $26.21    YES    Senior
Unsecured
Notes

Redemption Information: Callable at 100.000% on 12/15/2010 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 Investment Bank, 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 12/15/2010 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.

26054LHH9

        100.000%    1.800%         5.75%    SEMI-
ANNUAL
   12/15/2019    06/15/2010    $29.55    YES    Senior
Unsecured
Notes

Redemption Information: Callable at 100.000% on 12/15/2010 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 Investment Bank, 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 12/15/2010 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.

 

 

LOGO

 

The Dow Chemical Company

  

Trade Date: Monday, December 07, 2009 @ 12:00 PM ET

Settle Date: Thursday, December 10, 2009

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

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 the 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 trade mark of InCapital Holdings LLC. All rights reserved

  

The Dow Chemical Company

The Dow Chemical Company InterNotes

 

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