Company: ELV
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-199226
Chunk: 49

Company: Elevance Health, Inc.
Filing Date: 2025-09-09
Form: 424B3
Chunk 49
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 as trustee (the “subordinated note indenture”). Senior debt will be issued under the senior note indenture and subordinated debt will be issued under the subordinated note indenture. The senior note indenture and the subordinated note indenture are sometimes referred to in this prospectus individually as an “indenture” and collectively as the “indentures.” The indentures have been qualified under the Trust Indenture Act of 1939. The indentures provide that our debt securities may be issued in one or more series, with different terms, in each case as authorized from time to time by us. The indentures also give us the ability to reopen an existing series of debt securities and issue additional debt securities of that series or establish additional terms for that series of debt securities. None of the indentures limits the amount of debt securities or other unsecured debt which we may issue. In addition to the following description of the debt securities, you should refer to the detailed provisions of each indenture, copies of which are filed as exhibits to the registration statement of which this prospectus is a part. A prospectus supplement will specify the specific terms of any issue of debt securities we may offer, including, where applicable:

| • |     | the title of the series of debt securities; |

| • |     | the maximum aggregate principal amount, if any, established for debt securities of the series; provided, however, 
 that such amount may from time to time be increased by a board resolution;                                        |

| • |     | whether the debt securities will be senior or subordinated debt; |

| • |     | the price or prices at which the debt securities will be sold; |

| • |     | the person to whom any interest on a debt security of the series will be payable, if other than the person in                                                   
 whose name that debt security (or one or more predecessor debt securities) is registered at the close of business on the regular record date for such interest; |

| • |     | the date or dates on which the principal and premium, if any, of any debt securities of the series will be 
 payable or the method used to determine or extend those dates;                                             |

| • |     | the rate or rates at which any debt securities of the series will bear interest, if any, or the method by which                                                                                                                                          
 such rate or rates shall be determined, the date or dates from which any such interest will accrue, or the method by which such date or dates shall be determined, the