Company: ELV
Filing Date: 2025-09-08
Form Type: 424B3
Source: 0001193125-25-197796
Chunk: 56

Company: Elevance Health, Inc.
Filing Date: 2025-09-08
Form: 424B3
Chunk 56
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 would include an Event of Default that has                       
 occurred and not been cured, as described below under “Events of Default.” A default for this purpose would also include any event that would be an Event of Default if we received the required notice of our default or if under the 
 indentures the default would become an Event of Default after existing for a specified period of time.                                                                                                                                 |

| • |     | We have delivered an officer’s certificate and an opinion of counsel to the trustee stating that the                                  
 transaction and any supplemental indenture required in connection therewith comply with the requirements of the applicable indenture. |

Modification and Waiver There are three types of changes we can make to the indentures and the debt securities. Changes Requiring Your Approval. First, there are changes that cannot be made to your debt securities without your specific approval. The following is a list of those types of changes:

| • |     | change the stated maturity of the principal or interest on a debt security; |

| • |     | reduce any amounts due on a debt security; |

| • |     | reduce any premium payable upon the redemption of the debt securities or change the date on which any debt 
 securities may or must be redeemed;                                                                        |

| • |     | change the place or currency of payment for a debt security; |

| • |     | impair your right to sue for payment; |

| • |     | reduce the percentage in principal amount of the debt securities, the approval of whose holders is needed to 
 modify or amend the applicable indenture or the debt securities;                                             |

| • |     | reduce the percentage in principal amount of the debt securities, the approval of whose holders is needed to 
 waive compliance with certain provisions of the applicable indenture or to waive certain defaults;           |

| • |     | modify any other aspect of the provisions dealing with modification and waiver of the applicable indenture,                                                                   
 except to increase the percentage required for any modification or to provide that other provisions of such indenture may not be modified or waived without your consent; and |

| • |     | if the debt securities are convertible, make any change that adversely affects in any material respect the terms 
 of conversion of such debt securities unless such change is permitted by the terms of such debt securities.      |

Changes Not Requiring Approval. The second type of change does not require any vote by holders of the debt securities. This type is limited to corrections and clarifications and certain other changes that would not adversely affect holders of the debt securities.