Company: ELV
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-199226
Chunk: 24

Company: Elevance Health, Inc.
Filing Date: 2025-09-09
Form: 424B3
Chunk 24
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 the trustee, as custodian for, and registered in the name of a nominee of, DTC as depository, and will be held through the book-entry system of DTC and its participants, including Euroclear and Clearstream. See “ Description of the Debt Securities—Global Notes, Delivery and Form” in the accompanying prospectus for a description of registered Global Notes held in book entry form. We will issue debt securities in definitive form in exchange for a Global Note only in the following situations:

| • |     | if the Depository is at any time unwilling or unable to continue as depository and a successor depository is not 
 appointed by us within 120 days;                                                                                 |

| • |     | subject to DTC procedures, if we choose to issue definitive debt securities; or |

| • |     | if there is an Event of Default and there is a request from the Depository or any holder. |

In any such instance, an owner of a beneficial interest in a Global Note will be entitled to have debt securities equal in principal amount to that beneficial interest registered in its name and will be entitled to physical delivery of debt securities in definitive form. Debt securities in definitive form will be issued in denominations of $1,000 or an integral multiple thereof and will be issued in registered form only, without coupons. We will maintain in the Borough of Manhattan, The City of New York, one or more offices or agencies where debt securities may be presented for payment and may be transferred or exchanged. You will not be charged a fee for any transfer or exchange of debt securities, but we may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. S-16

MATERIAL UNITED STATES FEDERAL INCOME TAX CONSIDERATIONS The following summary describes certain material U.S. federal income tax consequences of ownership and disposition of the notes. This discussion applies only to notes that are:

| • |     | purchased by those beneficial owners of notes who purchase notes for cash in this offering at the “issue                          
 price,” which will equal the first price at which a substantial amount of the notes of the same series is sold to the public; and |

| • |     | held as capital assets within the meaning of section 1221 of the Code (as defined below). |

This discussion does not describe all of the tax consequences that may be relevant to a holder in light of the holder’s particular circumstances or to holders subject to special rules, such as:

| • |     | certain