Company: CL
Filing Date: 2025-11-05
Form Type: 424B2
Source: 0001104659-25-106990
Chunk: 13

Company: COLGATE PALMOLIVE CO
Filing Date: 2025-11-05
Form: 424B2
Chunk 13
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 the Notes and market interest rates increase, the market value of your Notes may decline. We cannot predict the future
level of market interest rates.

An investment in the Notes by a purchaser whose home currency is not euro entails significant risks.

An investment in securities which are denominated
and payable in a currency other than the currency of the country in which the purchaser is resident or the currency in which the purchaser
primarily conducts its business or activities (in each case, the “home currency”) entails significant risks not associated
with securities denominated and payable in the home currency. Accordingly, an investment in the Notes by a purchaser whose home currency
is not euro entails significant risks. These risks include the possibility of significant changes in rates of exchange between the holder’s
home currency and the euro and the possibility of the imposition or subsequent modification 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