<SEC-DOCUMENT>0000930413-17-003678.txt : 20171031
<SEC-HEADER>0000930413-17-003678.hdr.sgml : 20171031
<ACCEPTANCE-DATETIME>20171031173113
ACCESSION NUMBER:		0000930413-17-003678
CONFORMED SUBMISSION TYPE:	424B2
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20171031
DATE AS OF CHANGE:		20171031

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COLGATE PALMOLIVE CO
		CENTRAL INDEX KEY:			0000021665
		STANDARD INDUSTRIAL CLASSIFICATION:	PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS [2844]
		IRS NUMBER:				131815595
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B2
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-221172
		FILM NUMBER:		171166743

	BUSINESS ADDRESS:	
		STREET 1:		300 PARK AVE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		2123102000

	MAIL ADDRESS:	
		STREET 1:		300 PARK AVE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B2
<SEQUENCE>1
<FILENAME>c89631_424b2.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 12pt; text-align: center"><B>CALCULATION OF REGISTRATION FEE</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 12pt; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 34%; border: black 1px solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Title of each class of securities <BR>
offered</B></FONT></TD>
    <TD STYLE="width: 33%; border-top: black 1px solid; border-right: black 1px solid; border-bottom: black 1px solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Maximum aggregate</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>offering price<SUP>(1)</SUP></B></FONT></TD>
    <TD STYLE="width: 33%; border-top: black 1px solid; border-right: black 1px solid; border-bottom: black 1px solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Amount of registration fee<SUP>(2)</SUP></B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid; text-align: center; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-size: 10pt">Medium-Term Notes, Series H, 2.250% Notes, Due November 15, 2022</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: black 1px solid; border-bottom: black 1px solid; text-align: center"><FONT STYLE="font-size: 10pt">$398,732,000</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: black 1px solid; border-bottom: black 1px solid; text-align: center"><FONT STYLE="font-size: 10pt">$49,642.14</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: -36pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 36pt">(1)</TD><TD>Excludes accrued interest, if any.</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 36pt">(2)</TD><TD>The registration fee of $49,642.14 is calculated in accordance with Rule 457(r) under the Securities Act of 1933, as amended.</TD></TR></TABLE>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: -36pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 63%; padding-right: 5.75pt"><FONT STYLE="font-size: 10pt"><B>Pricing Supplement No.&nbsp;1 dated October 30, 2017</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>(To Prospectus dated October 27, 2017 and Prospectus Supplement dated<BR>
 October 27, 2017)</B></FONT></TD>
    <TD STYLE="width: 37%; padding-right: 5.75pt; text-align: right"><FONT STYLE="font-size: 10pt">Filed Pursuant to Rule&nbsp;424(b)(2)</FONT><BR>
<FONT STYLE="font-size: 10pt">Registration No. 333-221172</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



<P STYLE="font: bold 18pt Times New Roman, Times, Serif; margin: 0; text-align: center">Colgate-Palmolive Company</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">Medium-Term Notes <FONT STYLE="font-family: Symbol">-</FONT>
Fixed Rate</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">Series H</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">We are hereby offering to sell Notes having the
terms specified below to you with the assistance of the agents listed below, each acting as principal (collectively, the &ldquo;Agents&rdquo;)
for whom Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and Morgan Stanley &amp; Co. LLC are acting as joint book-running
managers, at a fixed initial public offering price of 99.683% of the principal amount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Principal Amount: $400,000,000</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Issue Price: 99.683%</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Interest Rate: 2.250%</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Stated Maturity Date: November 15, 2022</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">CUSIP Number: 19416QEL0</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">ISIN: US19416QEL05</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="width: 50%; padding-right: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Trade Date: October 30, 2017</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 13.6pt; text-indent: -13.6pt"><FONT STYLE="font-size: 10pt">Original
        Issue Date: November 2, 2017</FONT>, <FONT STYLE="font-size: 10pt">which is three business days after the date of this pricing
        supplement (referred to as &ldquo;T+3&rdquo;). Accordingly, purchasers wishing to trade Notes on the date hereof will be required,
        because the initial Notes offering will not settle in T+2, to specify an alternative settlement arrangement to prevent a failed
        settlement.</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Net Proceeds to Colgate (before expenses): $397,332,000</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Agents&rsquo; Discount or Commission: $1,400,000</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Interest Payment Dates: May 15 and November 15 of each year, commencing
on May 15, 2018</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 121.5pt; text-indent: -121.5pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 20%; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">Redemption:</FONT></TD>
    <TD STYLE="width: 80%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">The Notes may be redeemed at the option of Colgate prior to the stated maturity date.&nbsp;&nbsp;See &ldquo;Other Provisions &ndash; Optional Redemption&rdquo; below.</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Optional Repayment:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">N/A</FONT></TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 54pt; text-indent: -54pt">Currency:<BR>
Specified Currency: US Dollars<BR>
Minimum Denomination: $1,000</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 40.5pt; text-indent: -40.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 40.5pt; text-indent: -40.5pt">Original Issue Discount: No<BR>
Total amount of OID:<BR>
Yield to Maturity:<BR>
Initial Accrual Period:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Form: [ X ] Book-entry [&nbsp;&nbsp;&nbsp;&nbsp;]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certificated</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">[ X ] Other Provisions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Optional Redemption:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">The Notes may be redeemed at our option, at any
time in whole or from time to time in part. The redemption price for the Notes to be redeemed on any redemption date will be equal
to the greater of the following amounts:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 36pt; font: 10pt Times New Roman, Times, Serif; text-align: center; vertical-align: top"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; padding-left: 10pt"><FONT STYLE="font-size: 10pt">100% of the principal amount of the Notes being redeemed on the redemption date; or</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; padding-left: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; vertical-align: top"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; padding-left: 10pt"><FONT STYLE="font-size: 10pt">the sum of the present values of the remaining scheduled payments of principal and interest on the Notes being redeemed on that redemption date (not including any portion of any payments of interest accrued to the redemption date) discounted to the redemption date on a semiannual basis at the Treasury Rate (as defined below), as determined by the Independent Investment Banker (as defined below), plus 5 basis points;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt; text-indent: -27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">plus, in each case, accrued and unpaid interest
on the Notes to, but not including, the redemption date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">Notwithstanding the foregoing, installments of
interest on the Notes that are due and payable on interest payment dates falling on or prior to a redemption date will be payable
on the interest payment date to the registered holders as of the close of business on the relevant record date according to the
Notes and the indenture. The redemption price will be calculated on the basis of a 360-day year consisting of twelve 30-day months.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">We will mail notice of any redemption at least
30&nbsp;days but not more than 60&nbsp;days before the redemption date to each registered holder of the Notes to be redeemed. Once
notice of redemption is transmitted, the Notes called for redemption will become due and payable on the redemption date and at
the applicable redemption price, plus accrued and unpaid interest to, but not including, the redemption date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&ldquo;Treasury Rate&rdquo; means, with respect
to any applicable redemption date, the rate per annum equal to the semiannual equivalent yield to maturity of the Comparable Treasury
Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable
Treasury Price for such redemption date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&ldquo;Comparable Treasury Issue&rdquo; means
the United States Treasury security selected by the Independent Investment Banker as having a maturity comparable to the remaining
term of the Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice,
in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Notes.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&ldquo;Comparable Treasury Price&rdquo; means,
with respect to any applicable redemption date, (A)&nbsp;the average of the Reference Treasury Dealer Quotations for such redemption
date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (B)&nbsp;if the Independent Investment
Banker obtains fewer than three such Reference Treasury Dealer Quotations, the average of all such Quotations, or (C)&nbsp;if only
one Reference Treasury Dealer Quotation is received, such Quotation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&ldquo;Independent Investment Banker&rdquo; means
one of the Reference Treasury Dealers appointed by us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&ldquo;Reference Treasury Dealer&rdquo; means
each of Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and Morgan Stanley &amp; Co. LLC (or their respective affiliates
which are Primary Treasury Dealers), and their respective successors; provided, however, that if any of the foregoing shall cease
to be a primary U.S.&nbsp;Government securities dealer in New York City (a &ldquo;Primary Treasury Dealer&rdquo;), we will substitute
therefor another Primary Treasury Dealer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&ldquo;Reference Treasury Dealer Quotation&rdquo;
means, with respect to each Reference Treasury Dealer and any applicable redemption date, the average, as determined by the Independent
Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its
principal amount) quoted in writing to the Independent Investment Banker by such Reference Treasury Dealer at 5:00&nbsp;p.m. (New
York City time) on the third business day preceding such redemption date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">On and after the redemption date, interest will
cease to accrue on the Notes or any portion of the Notes called for redemption (unless we default in the payment of the redemption
price and accrued interest). On or before the redemption date, we will deposit with a paying agent or the trustee money sufficient
to pay the redemption price of and accrued interest on the Notes to be redeemed on that date. If less than all of the securities
of any series are to be redeemed, the securities to be redeemed shall be selected in accordance with the procedures of The Depository
Trust Company. The Notes will not be entitled to the benefit of any mandatory redemption or sinking fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>Use of Proceeds</U>:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">The net proceeds from the sale of the Notes will
be used by Colgate for general corporate purposes, which include the retirement of commercial paper. As of October 26, 2017, Colgate&rsquo;s
outstanding commercial paper had a weighted average interest rate of 0.46% with maturities ranging from one day to 34 days.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>Supplemental Plan of Distribution</U>:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">The Agents have agreed, severally and not jointly,
to purchase from us, and we have agreed to sell to the Agents, the principal amount of Notes set forth opposite their respective
names below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 95%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1px solid; text-align: center"><FONT STYLE="font-size: 10pt">Agents</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1px solid; text-align: center"><FONT STYLE="font-size: 10pt">Principal Amount of Notes</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(229,255,255)">
    <TD STYLE="width: 49%"><FONT STYLE="font-size: 10pt">Citigroup Global Markets Inc.</FONT></TD>
    <TD STYLE="text-align: right; width: 3%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 28%"><FONT STYLE="font-size: 10pt">$70,000,000</FONT></TD>
    <TD STYLE="width: 20%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 52.5pt; text-indent: -52.5pt"><FONT STYLE="font-size: 10pt">HSBC Securities (USA) Inc.</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">70,000,000</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(229,255,255)">
    <TD><FONT STYLE="font-size: 10pt">Morgan Stanley &amp; Co. LLC</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">70,000,000</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">BNP Paribas Securities Corp.</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">70,000,000</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(229,255,255)">
    <TD STYLE="padding-left: 9.35pt; text-indent: -9.35pt"><FONT STYLE="font-size: 10pt">ANZ Securities, Inc.</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">9,750,000</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Barclays Capital Inc.</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">9,750,000</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(229,255,255)">
    <TD><FONT STYLE="font-size: 10pt">BBVA Securities Inc.</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">9,750,000</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">BNY Mellon Capital Markets, LLC</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">9,750,000</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(229,255,255)">
    <TD><FONT STYLE="font-size: 10pt">Goldman Sachs &amp; Co. LLC</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">9,750,000</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">ICBC Standard Bank Plc</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">9,750,000</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(229,255,255)">
    <TD><FONT STYLE="font-size: 10pt">J.P. Morgan Securities LLC</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">9,750,000</FONT></TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 10pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 100%"><PAGE></PAGE></TD></TR></TABLE></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 95%; border-collapse: collapse">
<TR STYLE="background-color: rgb(229,255,255)">
    <TD STYLE="vertical-align: top; width: 49%"><FONT STYLE="font-size: 10pt">Merrill Lynch, Pierce, Fenner &amp; Smith <BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Incorporated</FONT></TD>
    <TD STYLE="vertical-align: top; width: 3%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 28%; text-align: right"><FONT STYLE="font-size: 10pt">9,750,000</FONT></TD>
    <TD STYLE="width: 20%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Mizuho Securities USA LLC</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">9,750,000</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(229,255,255)">
    <TD><FONT STYLE="font-size: 10pt">Santander Investment Securities Inc.</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">9,750,000</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">U.S. Bancorp Investments, Inc.</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">9,750,000</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(229,255,255)">
    <TD><FONT STYLE="font-size: 10pt">Wells Fargo Securities, LLC</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">9,750,000</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">The Williams Capital Group, L.P.</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">3,000,000</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(229,255,255)">
    <TD STYLE="vertical-align: bottom; padding-left: 9.35pt; text-indent: -9.35pt"><FONT STYLE="font-size: 10pt">Total</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; border-top: Black 1px solid; border-bottom: Black 3px double"><FONT STYLE="font-size: 10pt">$400,000,000</FONT></TD>
    <TD STYLE="border-top: Black 1px solid; border-bottom: Black 3px double">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">The Bank of New York Mellon (formerly known as The Bank of New York), the trustee under the indenture governing the Notes, is an affiliate of BNY Mellon Capital Markets, LLC, one of the Agents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">ICBC Standard Bank Plc is restricted in its U.S.
securities dealings under the United States Bank Holding Company Act and may not underwrite, subscribe, agree to purchase or procure
purchasers to purchase Notes that are offered or sold in the United States. Accordingly, ICBC Standard Bank Plc shall not be obligated
to, and shall not, underwrite, subscribe, agree to purchase or procure purchasers to purchase Notes that may be offered or sold
by other Agents in the United States. ICBC Standard Bank Plc shall offer and sell the Notes constituting its allotment solely outside
the United States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>Selling Restrictions:</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Canada </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">The Notes may be sold only to purchasers purchasing,
or deemed to be purchasing, as principal that are accredited investors, as defined in National Instrument 45-106 Prospectus Exemptions
or subsection 73.3(1) of the Securities Act (Ontario), and are permitted clients, as defined in National Instrument 31-103 Registration
Requirements, Exemptions and Ongoing Registrant Obligations. Any resale of the Notes must be made in accordance with an exemption
from, or in a transaction not subject to, the prospectus requirements of applicable securities laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">Securities legislation in certain provinces or
territories of Canada may provide a purchaser with remedies for rescission or damages if this pricing supplement (including any
amendment thereto) contains a misrepresentation, provided that the remedies for rescission or damages are exercised by the purchaser
within the time limit prescribed by the securities legislation of the purchaser&rsquo;s province or territory. The purchaser should
refer to any applicable provisions of the securities legislation of the purchaser&rsquo;s province or territory for particulars
of these rights or consult with a legal advisor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">Pursuant to section 3A.3 of National Instrument
33-105 Underwriting Conflicts (&ldquo;NI 33-105&rdquo;), the Agents are not required to comply with the disclosure requirements
of NI 33-105 regarding underwriter conflicts of interest in connection with this offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>European Economic Area </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">In relation to each Member State of the European
Economic Area which has implemented the Prospectus Directive (each, a Relevant Member State), with effect from and including the
date on which the Prospectus Directive is implemented in that Relevant Member State (the Relevant Implementation Date) no offer
of Notes may be made to the public in that Relevant Member State other than:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 36pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 9pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="vertical-align: top; font-size: 10pt"><FONT STYLE="font-size: 10pt">to any legal entity which is a qualified investor as defined in the Prospectus Directive; </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 36pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 9pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="vertical-align: top; font-size: 10pt"><FONT STYLE="font-size: 10pt">to fewer than 150 natural or legal persons (other than qualified investors as defined in the Prospectus Directive), as permitted under the Prospectus Directive, subject to obtaining the prior consent of the representatives; or </FONT></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 36pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 9pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="vertical-align: top; font-size: 10pt"><FONT STYLE="font-size: 10pt">in any other circumstances falling within Article 3(2) of the Prospectus Directive, </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">provided that no such offer of Notes shall require us or any Agent
to publish a prospectus pursuant to Article 3 of the Prospectus Directive or supplement a prospectus pursuant to Article 16 of
the Prospective Directive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">For the purposes of this provision, the expression
an &ldquo;offer of notes to the public&rdquo; in relation to any Notes in any Relevant Member State means the communication in
any form and by any means of sufficient information on the terms of the offer and the Notes to be offered so as to enable an investor
to decide to purchase or subscribe the Notes, as the same may be varied in the Relevant Member State by any measure implementing
the Prospectus Directive in the Relevant Member State, the expression &ldquo;Prospectus Directive&rdquo; means Directive 2003/71/EC
(as amended, including by Directive 2010/73/EU), and includes any relevant implementing measure in the Relevant Member State.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>United Kingdom </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">Each Agent:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 36pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 9pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="vertical-align: top; font-size: 10pt"><FONT STYLE="font-size: 10pt">has only communicated or caused to be communicated and will only communicate or cause to be communicated an invitation or inducement to engage in investment activity (within the meaning of Section&nbsp;21 of the Financial Services and Markets Act 2000, as amended (the &ldquo;FSMA&rdquo;)) received by it in connection with the issue or sale of the Notes in circumstances in which Section&nbsp;21(1) of the FSMA does not apply to us; and </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 36pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 9pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="vertical-align: top; font-size: 10pt"><FONT STYLE="font-size: 10pt">has complied and will comply with all applicable provisions of the FSMA with respect to anything done by it in relation to the Notes in, from or otherwise involving the United Kingdom. </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Switzerland </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">The Notes are not offered, sold or advertised,
directly or indirectly, in, into or from Switzerland on the basis of a public offering and will not be listed on the SIX Swiss
Exchange or any other offering or regulated trading facility in Switzerland. Accordingly, neither this pricing supplement nor the
related prospectus supplement and accompanying prospectus or other marketing material constitute a prospectus as defined in article
652a or article 1156 of the Swiss Code of Obligations or a listing prospectus as defined in article 32 of the Listing Rules of
the SIX Swiss Exchange or any other regulated trading facility in Switzerland. Any resales of the Notes by the Agents thereof may
only be undertaken on a private basis to selected individual investors in compliance with Swiss law. This pricing supplement and
the accompanying prospectus supplement and prospectus may not be copied, reproduced, distributed or passed on to others or otherwise
made available in Switzerland without our prior written consent. By accepting this pricing supplement and the accompanying prospectus
supplement and prospectus or by subscribing to the Notes, investors are deemed to have acknowledged and agreed to abide by these
restrictions. Investors are advised to consult with their financial, legal or tax advisers before investing in the Notes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>China</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">The Notes have not been, and shall not be, offered,
sold or re-sold, directly or indirectly, to investors other than &ldquo;professional institutional investors&rdquo; as defined
under Paragraph 2, Article 4 of the Financial Consumer Protection Act of the Republic of China (&ldquo;ROC&rdquo;), which currently
include: overseas</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">or domestic (i) banks, securities firms, futures firms and insurance
companies (excluding insurance agencies, insurance brokers and insurance surveyors), the foregoing as further defined in more detail
in Paragraph 3 of Article 2 of the Organization Act of the Financial Supervisory Commission of the ROC, (ii) fund management companies,
government investment institutions, government funds, pension funds, mutual funds, unit trusts, and funds managed by financial
service enterprises pursuant to the ROC Securities Investment Trust and Consulting Act, the ROC Future Trading Act or the ROC Trust
Enterprise Act or investment assets mandated and delivered by or transferred for trust by financial consumers, and (iii) other
institutions recognized by the Financial Supervisory Commission of the ROC. Purchasers of the Notes are not permitted to sell or
otherwise dispose of the Notes except by transfer to a professional institutional investor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Hong Kong </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">The Notes may not be offered or sold by means
of any document other than (i)&nbsp;in circumstances which do not constitute an offer to the public within the meaning of the Companies
(Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32, Laws of Hong Kong), or (ii)&nbsp;to &ldquo;professional investors&rdquo;
within the meaning of the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong) and any rules made thereunder, or (iii)&nbsp;in
other circumstances which do not result in the document being a &ldquo;prospectus&rdquo; within the meaning of the Companies (Winding
Up and Miscellaneous Provisions) Ordinance (Cap. 32, Laws of Hong Kong), and no advertisement, invitation or document relating
to the Notes may be issued or may be in the possession of any person for the purpose of issue (in each case whether in Hong Kong
or elsewhere), which is directed at, or the contents of which are likely to be accessed or read by, the public in Hong Kong (except
if permitted to do so under the laws of Hong Kong) other than with respect to Notes which are or are intended to be disposed of
only to persons outside Hong Kong or only to &ldquo;professional investors&rdquo; within the meaning of the Securities and Futures
Ordinance (Cap. 571, Laws of Hong Kong) and any rules made thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">The contents of this pricing supplement and the
accompanying prospectus supplement and prospectus have not been reviewed by any regulatory authority in Hong Kong. You are advised
to exercise caution in relation to the offering of the Notes. If you are in any doubt about any of the contents of this document,
you should obtain independent professional advice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Japan </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">The Notes have not been and will not be registered
under the Financial Instruments and Exchange Law of Japan (the Law No.&nbsp;25 of 1948, as amended, the &ldquo;FIEL&rdquo;) and
each Agent has agreed that it will not offer or sell any of the Notes, directly or indirectly, in Japan or to, or for the account
or benefit of, any resident of Japan (which term as used herein means any person resident in Japan, including any corporation or
other entity organized under the laws of Japan), or to others for re-offering or resale, directly or indirectly, in Japan or to,
or for the account or benefit of any resident of Japan, except pursuant to an exemption from the registration requirements of,
and otherwise in compliance with, the FIEL and any other applicable laws, regulations and ministerial guidelines of Japan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Korea</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">The Notes have not been and will not be registered
under the Financial Investment Services and Capital Markets Act of Korea and none of the Notes may be offered or sold, directly
or indirectly, in Korea or to any resident of Korea, or to any persons for reoffering or resale, directly or indirectly, in Korea
or to, or for the account or benefit of, any resident of Korea (as such term is defined in the Foreign Exchange Transaction Law
of Korea and rules and regulations promulgated thereunder), except as otherwise permitted under applicable laws and regulations.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Singapore </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">This pricing supplement and the accompanying
prospectus supplement and prospectus have not been registered as a prospectus under the Securities and Futures Act, Chapter 289
of Singapore (&ldquo;SFA&rdquo;) by the Monetary Authority of Singapore, and the offer of the Notes in Singapore is made primarily
pursuant to the exemptions under Sections 274 and 275 of the SFA. Accordingly, this pricing supplement and the accompanying prospectus
supplement and prospectus and any other document or material in connection with the offer or sale, or invitation for subscription
or purchase, of the Notes may not be circulated or distributed, nor may the Notes be offered or sold, or be made the subject of
an invitation for subscription or purchase, whether directly or indirectly, to any person in Singapore other than (i)&nbsp;to an
institutional investor as defined in Section&nbsp;4A of the SFA (an &ldquo;Institutional Investor&rdquo;) pursuant to Section&nbsp;274
of the SFA, (ii)&nbsp;to an accredited investor as defined in Section 4A of the SFA (an &ldquo;Accredited Investor&rdquo;) or other
relevant person as defined in Section&nbsp;275(2) of the SFA (a &ldquo;Relevant Person&rdquo;) and pursuant to Section&nbsp;275(1)
of the SFA, or to any person pursuant to an offer referred to in Section&nbsp;275(1A) of the SFA, and in accordance with the conditions
specified in Section&nbsp;275 of the SFA or (iii)&nbsp;otherwise pursuant to, and in accordance with, the conditions of any other
applicable exemption or provision of the SFA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">It is a condition of the offer that where the
Notes are subscribed for or acquired pursuant to an offer made in reliance on Section&nbsp;275 of the SFA by a Relevant Person
which is:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: -18pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt; font-size: 10pt; text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">(a)</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">a corporation (which is not an Accredited Investor), the sole business of which is to hold investments and the entire share capital of which is owned by one or more individuals, each of whom is an Accredited Investor; or </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">(b)</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">a trust (where the trustee is not an Accredited Investor), the sole purpose of which is to hold investments and each beneficiary of the trust is an individual who is an Accredited Investor,</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: -18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">the shares, debentures and units of shares and
debentures of that corporation, and the beneficiaries&rsquo; rights and interests (howsoever described) in that trust, shall not
be transferred within six&nbsp;months after that corporation or that trust has subscribed for or acquired the Notes except:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">(1)&nbsp;to an Institutional Investor, or an
Accredited Investor or other Relevant Person, or which arises from an offer referred to in Section&nbsp;275(1A) of the SFA (in
the case of that corporation) or Section 276(4)(i)(B) of the SFA (in the case of that trust);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">(2)&nbsp;where no consideration is or will be
given for the transfer;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">(3)&nbsp;where the transfer is by operation of
law;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">(4)&nbsp;as specified in Section&nbsp;276(7)
of the SFA; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">(5)&nbsp;as specified in Regulation&nbsp;32 of
the Securities and Futures (Offers of Investments) (Shares and Debentures) Regulations 2005 of Singapore.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Taiwan </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">The Notes have not been and will not be registered
with the Financial Supervisory Commission of Taiwan, the Republic of China (&ldquo;Taiwan&rdquo;), pursuant to relevant securities
laws and regulations and may not be offered or sold in Taiwan through a public offering or in any manner which would constitute
an offer within the meaning of the Securities and Exchange Act of Taiwan or would otherwise require</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">registration with or the approval of the Financial Supervisory Commission
of Taiwan. No person or entity in Taiwan has been authorized to offer or sell the Notes in Taiwan.</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>Legal Matters</U>:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">Sidley Austin LLP, New York, New York has acted
as counsel for Colgate. Mayer Brown LLP, Chicago, Illinois has acted as counsel for the Agents. In the opinion of Sidley Austin
LLP, as counsel to Colgate, when the Notes offered by this pricing supplement have been executed and issued by Colgate and authenticated
by the trustee pursuant to the indenture, and delivered against payment as contemplated herein, such Notes will be valid and binding
obligations of Colgate, enforceable in accordance with their terms, subject to applicable bankruptcy, insolvency and similar laws
affecting creditors&rsquo; rights generally, concepts of reasonableness and equitable principles of general applicability (including,
without limitation, concepts of good faith, fair dealing and the lack of bad faith), provided that such counsel expresses no opinion
as to the effect of fraudulent conveyance, fraudulent transfer or similar provision of applicable law on the conclusions expressed
above. This opinion is given as of the date hereof and is limited to the laws of the State of New York and the General Corporation
Law of the State of Delaware as in effect on the date hereof. In addition, this opinion is subject to customary assumptions about
the genuineness of signatures and certain factual matters, all as stated in the letter of such counsel dated October&nbsp;27, 2017,
which has been filed as Exhibit&nbsp;5.1 to Colgate&rsquo;s registration statement on Form&nbsp;S-3 filed with the Securities and
Exchange Commission on October&nbsp;27, 2017.</P>
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