Company: CL
Filing Date: 2025-11-03
Form Type: 424B2
Source: 0001104659-25-105106
Chunk: 14

Company: COLGATE PALMOLIVE CO
Filing Date: 2025-11-03
Form: 424B2
Chunk 14
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 of foreign exchange controls. These risks
generally depend on factors over which we have no control, such as economic, financial and political events and the supply of and demand
for the relevant currencies. In recent years, rates of exchange between euro and certain currencies have been highly volatile, and each
holder should be aware that such volatility may occur in the future. Fluctuations in any particular exchange rate that have occurred in
the past, however, are not necessarily indicative of fluctuations in the rate that may occur during the term of the Notes. Depreciation
of euro against the holder’s home currency would result in a decrease in the effective yield of the Notes below its coupon rate
and, in certain circumstances, could result in a loss to the holder.

If, as permitted by the Notes, we make payments in U.S. dollars when we are unable to obtain euro, you will be exposed to significant risks if your home currency is not U.S. dollars.

If euro is unavailable to us due to the imposition
of exchange controls or other circumstances beyond our control or the euro is no longer used by the member states of the European Monetary
Union that have adopted the euro as their currency or for the settlement of transactions by public institutions within the international
banking community, then all payments in respect of the Notes will be made in U.S. dollars until euro is again available to us or so used.
The amount payable on any date in euro will be converted by us into U.S. dollars on the basis of the then most recently available market
exchange rate for euro. See “Description of the Notes—Issuance in Euro.” Any payment in respect of the Notes so made
in U.S. dollars will not constitute an event of default under the Indenture governing the Notes. If your home currency is not U.S. dollars,
any such payment will expose you to the significant risks described under “—An investment in the Notes by a purchaser
whose home currency is not euro entails significant risks” above.

In a lawsuit for payment on the Notes, a holder of a Note may bear currency exchange risk.

The Indenture is and the Notes will be governed
by, and construed in accordance with, the laws of the State of New York. Under New York law, a New York state court rendering a judgment
on the Notes would be required to render the judgment in euro. However, the judgment would be converted into U.S. dollars at the exchange
rate prevailing on the date of entry of the judgment.