Pricing Supplement No. 10 dated June 15, 2004 Rule 424(B)(3)
(To Prospectus dated November 13, 2001 File No. 333-72340
and Prospectus Supplement dated November 13, 2001)
Colgate-Palmolive Company
Medium-Term Notes - Fixed Rate
Series E
We are hereby offering to sell Notes having the terms specified below to
you with the assistance of Citigroup Global Markets Inc. (the "Agent"), acting
as agent, at a fixed initial public offering price of 100% of the principal
amount.
Principal Amount: $100,000,000 Trade Date: June 15, 2004
Issue Price: 100% Original Issue Date: June 23, 2004
Interest Rate: 3.97% of the outstanding principal Net Proceeds to Colgate: $99,650,000
amount of the Notes Agent's Commission: $350,000
Stated Maturity Date: December 22, 2010
CUSIP Number: 194 16 QDE 7
Interest Payment Dates: June 22 and December 22 of each year, commencing on
December 22, 2004.
Day Count Convention:
[X] 30/360 for the period from June 23, 2004 to December 22, 2010
[ ] Actual / 360 for the period from to
------- -------
[ ] Actual / Actual for the period from to
------- -------
Redemption: The Notes may not be redeemed at the option of Colgate
prior to the stated maturity date, except for
regularly scheduled amortization of principal as
described below under "Other Provisions".
Optional Repayment: The Notes are not subject to repayment at the option
of the holders prior to the stated maturity date.
Currency:
Specified Currency: US Dollars
Minimum Initial 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:
Amortization: Beginning on June 22, 2005, and on each June 22
thereafter through June 22, 2010, holders of the Notes
will receive principal payments that, in the
aggregate, equal approximately 15.38% of the initial
principal amount of the Notes. On December
22, 2010, the maturity date of the Notes, holders will
receive an aggregate principal payment equal to
approximately 7.69% of the initial principal amount of
the Notes. A schedule of the approximate remaining
principal balances (represented as a percentage of the
initial principal amount) on certain dates is set
forth in the table below:
Remaining Principal
-------------------
June 23, 2004 100.00%
June 22, 2005 84.62
June 22, 2006 69.23
June 22, 2007 53.85
June 22, 2008 38.46
June 22, 2009 23.08
June 22, 2010 7.69
December 22, 2010 0.00
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 June 15, 2004, Colgate's outstanding
commercial paper had a weighted average interest rate of 1.0198% with
maturities ranging from 2 days to 49 days.
Settlement:
Delivery of the Notes will be made against payment therefor on or
about June 23, 2004, which will be on the sixth business day following the
date on which the Notes are priced. Under Rule 15c6-1 of the Securities
Exchange Act of 1934, as amended, trades in the secondary market generally are
required to settle in three business days after the date the securities are
priced, unless the parties to any such trade expressly agree otherwise.
Accordingly, purchasers who wish to trade Notes on the day of pricing or the
two succeeding business days will be required, by virtue of the fact that the
Bank Notes will settle in T+6, to specify an alternative settlement cycle at
the time of any such trade to prevent a failed settlement; such purchasers
should also consult their own advisors in this regard.
Legal Matters:
Sidley Austin Brown & Wood LLP, New York, New York has acted as
counsel for the Agent in the offering of the Notes. Sidley Austin Brown & Wood
LLP from time to time renders legal services to Colgate and its affiliates.
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