View:
Pricing Supplement No. 3 dated March 1, 2001 Rule 424(B)(3)
(To Prospectus dated June 23, 2000 File No. 333-33644
and Prospectus Supplement dated June 23, 2000)
Colgate-Palmolive Company
Medium-term Notes - Floating Rate
Series D
We are hereby offering to sell Notes having the terms specified below to
you with the assistance of Utendahl Capital Partners, L.P., acting as
principal, at a fixed initial public offering price of 100% of the principal
amount.
Principal Amount: $50,000,000 Trade Date: March 1, 2001
Issue Price: 100% Original Issue Date: March 5, 2001
Initial Interest Rate: 5.21375% Net Proceeds to Colgate: $50,000,000
Stated Maturity Date: March 5, 2003 Agent's Discount or Commission:
See "Supplemental Plan
of Distribution" below
Base Rate:
[ ] Certificate of Deposit Rate
[ ] CMT Rate
[ ] Commercial Paper Rate
[ ] Eleventh District Cost of Funds Rate
[ X ] LIBOR Telerate: Page 3750 [ ] LIBOR Reuters
[ ] Prime Rate
[ ] Treasury Rate
[ ] Other (see attached)
Interest Rate Reset Dates: March 5, June 5, September 5 and December 5 of each
year, commencing on June 5, 2001.
Interest Rate Reset Period: Quarterly
Interest Payment Dates: March 5, June 5, September 5 and December 5 of each
year, commencing on June 5, 2001.
Index Maturity: 3 month
Index Currency: US Dollars
Spread (+/-): +0.125 basis points
Spread Multiplier: N/A
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
Day Count Convention:
[ ] 30/360 for the period from ________ to ________
[ X ] Actual/360 for the period from March 5, 2001 to
March 4, 2003.
[ ] Actual/Actual for the period from ______ to ______
Redemption/Repayment:
The Notes cannot be redeemed by Colgate prior to the Stated Maturity Date. The
Notes cannot be repaid at the option of the holder thereof prior to the Stated
Maturity Date.
Currency:
Specified Currency: US Dollars
Minimum Denomination: $1,000
Original Issue Discount: [ ] [ X ] No
Total amount of OID:
Yield to Maturity:
Initial Accrual Period:
Form: [ X ] Book-entry [ ] Certificated
[ ] Other provisions: N/A
Use of Proceeds:
- ---------------
The net proceeds from the sale of the Notes will be used by Colgate to retire
commercial paper which was issued by Colgate for general corporate purposes
and working capital. As of March 1, 2001, Colgate's outstanding commercial
paper had a weighted average interest rate of 5.66% with maturities ranging
from 4 to 194 days.
Supplemental Plan of Distribution:
- ---------------------------------
Utendahl Capital Partners, L.P., acting as principal, has agreed to purchase,
and Colgate has agreed to sell, the Notes at 100% of their principal amount.
Utendahl Capital Partners, L.P. will realize benefits in connection with a
swap agreement to be entered into between one of its affiliates and Colgate.