Company: ELV
Filing Date: 2025-09-08
Form Type: 424B3
Source: 0001193125-25-197796
Chunk: 16

Company: Elevance Health, Inc.
Filing Date: 2025-09-08
Form: 424B3
Chunk 16
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2055 notes will be paid to the persons in whose names such notes are registered at the close of business on or (whether or
not a Business Day), as the case may be, next preceding the relevant Interest Payment Date. Interest on the 2036 notes will be paid to the persons in whose names such notes are registered at the close of business on or
(whether or not a Business Day), as the case may be, next preceding the relevant Interest Payment Date. Interest on the notes will be computed on the basis of a 360-day year of twelve 30-day months.

S-12

If any Interest Payment Date or date of maturity of principal of the notes falls on a day
that is not a Business Day, then payment of interest or principal may be made on the next succeeding Business Day with the same force and effect as if made on the nominal date, and no interest will accrue for the period after such nominal date.

Optional Redemption

Prior to
(i) with respect to the 2028 notes, , 2028 (one month prior to the maturity date of such notes), (ii) with respect to the 2032 notes, , 2032 (two months prior to the
maturity date of such notes), (iii) with respect to the 2036 notes, , 2035 (three months prior to the maturity date of such notes), and (iv) with respect to the 2055 notes, , 2055
(six months prior to the maturity date of such notes) (each such date, a “Par Call Date”), we may redeem the applicable series of notes at our option, in whole or in part, at any time and from time to time, at a redemption price
(expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of (1) (a) the sum of the present values of the remaining scheduled payments of principal and interest on the notes to be redeemed discounted to
the redemption date (assuming such notes matured on their applicable Par Call Date), on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months)
at the Treasury Rate (as defined below) plus basis points in the case of the 2028 notes, basis points in the case of the 2032 notes, basis points in the case of the 2036 notes, and basis
points in the case of the 2055 notes, less (b) interest accrued to the redemption