Pricing Supplement No. 6 dated September 19, 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 Salomon Smith Barney Inc., acting as principal, at
a fixed initial public offering price of 100% of the principal amount.
Principal Amount: $18,200,000 Trade Date: September 19, 2001
Issue Price: 100% Original Issue Date: September 27, 2001
Initial Interest Rate: 2.30% Net Proceeds to Colgate: $18,018,000
Stated Maturity Date: September 27, 2041 Agent's Discount or Commission: $182,000
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 27, June 27, September 27 and December 27 of each year, commencing on December 27, 2001.
Interest Rate Reset Period: Quarterly
Interest Payment Dates: March 27, June 27, September 27 and December 27 of each year, commencing on December 27, 2001.
Index Maturity: 3 month
Index Currency: US Dollars
Spread (+/-): -.30%
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 September 27, 2001 to September 27, 2041.
[ ] Actual / Actual for the period from to
------- ------
Redemption: The Notes may be redeemed at the option of Colgate prior to the stated maturity date.
See "Other Provisions - Optional Redemption" below.
Optional Repayment: The Notes may be repaid at the option of the holders prior to the stated maturity date.
See "Other Provisions - Optional Repayment" below.
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
[ X ] Other provisions:
Optional Redemption: Colgate may at its option elect to redeem the Notes, in whole or in part, in increments of
$1,000 or any multiple of $1,000, upon not less than 30 nor more than 60 days' prior written
notice to the holders, on September 27, 2031 or on any business day thereafter at the
following redemption prices corresponding to the periods set forth below (expressed as a
percentage of the principal amount of the Notes), together with any accrued interest to the
redemption date:
If Redeemed During
the 12-Month Period Commencing on: Redemption Price
--------------------------------- ----------------
September 27, 2031 105.00%
September 27, 2032 104.50
September 27, 2033 104.00
September 27, 2034 103.50
September 27, 2035 103.00
September 27, 2036 102.50
September 27, 2037 102.00
September 27, 2038 101.50
September 27, 2039 100.00
September 27, 2040 100.50
Optional Repayment: Notwithstanding anything to the contrary contained in the Prospectus Supplement
dated June 23, 2000, the holders of the Notes may elect to cause Colgate to repurchase the
Notes, in whole or in part, in increments of $1,000 or any multiple of $1,000, upon not less
than 30 nor more than 60 days' prior written notice to Colgate, on September 27 of each of
the years set forth below, at the amounts corresponding to the years set forth below
(expressed as a percentage of the principal amount of the Notes), together with any accrued
interest to the repayment date:
2
Repayment Date Repayment Price
-------------- ----------------
September 27, 2011 99.00%
September 27, 2014 99.25
September 27, 2017 99.50
September 27, 2020 99.75
September 27, 2023 100.00
September 27, 2026 100.00
September 27, 2029 100.00
September 27, 2032 100.00
September 27, 2035 100.00
September 27, 2038 100.00
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 September 19, 2001, Colgate's outstanding commercial
paper had a weighted average interest rate of 3.68% with maturities ranging from
1 day to 57 days.
United States Federal Income Taxation:
-------------------------------------
As noted in the Prospectus Supplement dated June 23, 2000, the Treasury
Department has issued new final regulations which generally attempt to unify
certification standards and modify reliance standards with respect to
withholding tax on income paid to foreign persons and backup withholding. In
particular, these regulations replaced the former IRS Form W-8 and Form 1001
with revised IRS Form W-8BEN, and replaced former IRS Form 4224 with Form
W-8ECI. Holders of Notes should consult their own tax advisors with respect to
the appropriate form to be filed with us.
3