Final Prospectus Supplement No.46

CALCULATION OF REGISTRATION FEE

 

Title of Each Class of

Securities Offered

 

Maximum
Aggregate

Offering
Price

  Amount of
Registration
Fee(1)

7.000% Dow InterNotes® due November 15, 2013

  $20,592,000   $809.27

7.500% Dow InterNotes® due November 15, 2015

  $3,798,000   $149.26

8.000% Dow InterNotes® due November 15, 2018

  $17,723,000   $696.51

TOTAL

  $42,113,000   $1,655.04
 
(1) The filing fee of $1,655.04 is calculated in accordance with Rule 457(r) under the Securities Act of 1933

 

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Filed Under Rule 424(b)(2), Registration Statement No. 333-140859

Pricing Supplement No. 46—dated November 24, 2008 (To: Prospectus Dated February 23, 2007 and Prospectus Supplement Dated October 29, 2008)

 

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

26054LFT5

   $ 20,592,000    100.000%    1.000%    $ 20,386,080    7.000%    SEMI-
ANNUAL
   11/15/2013    5/15/2009    $32.47    YES    Senior
Unsecured
Notes

Redemption Information: Callable at 100.000% on 11/15/2009 and every coupon date thereafter

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

Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. Incorporated, UBS Securities LLC, Wachovia Securities 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 11/15/2009 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.

26054LFU2

   $ 3,798,000    100.000%    1.200%    $ 3,752,424    7.50%    SEMI-
ANNUAL
   11/15/2015    5/15/2009    $34.79    YES    Senior
Unsecured
Notes

Redemption Information: Callable at 100.000% on 11/15/2009 and every coupon date thereafter

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

Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. Incorporated, UBS Securities LLC, Wachovia Securities 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 11/15/2009 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.

26054LFV0

   $ 17,723,000    100.000%    1.500%    $ 17,457,155    8.000%    SEMI-
ANNUAL
   11/15/2018    5/15/2009    $37.11    YES    Senior
Unsecured
Notes

Redemption Information: Callable at 100.000% on 11/15/2009 and every coupon date thereafter

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

Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. Incorporated, UBS Securities LLC, Wachovia Securities 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 11/15/2009 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, November 24, 2008 @ 12:00 PM ET

Settle Date: Friday, November 28, 2008

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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