Company: ELV
Filing Date: 2025-09-08
Form Type: 424B3
Source: 0001193125-25-197796
Chunk: 60

Company: Elevance Health, Inc.
Filing Date: 2025-09-08
Form: 424B3
Chunk 60
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ore authenticated under the                                                                                                                                              
 applicable indenture; or, all debt securities of any series outstanding under the applicable indenture not theretofore delivered to the trustee for cancellation shall have become due and payable or are by their terms to become due and payable within 
 one year and we shall have deposited with the trustee sufficient cash or U.S. government or U.S. government agency notes or bonds that will generate enough cash to pay, at maturity or upon redemption, all such debt securities of any series           
 outstanding under the applicable indenture.                                                                                                                                                                                                               |

| • |     | Our having delivered to the trustee an officer’s certificate and an opinion of counsel, each stating that 
 these conditions have been satisfied.                                                                     |

Highly Leveraged Transaction The general provisions of the indentures do not afford holders of the debt securities protection in the event of a highly leveraged or other transaction involving us that may adversely affect holders of the debt securities. Subordination Any subordinated debt securities issued under the subordinated note indenture will be subordinate and junior in right of payment to all of our Senior Debt (including all debt securities issued under the senior note 14

indenture) whether existing at the date of the subordinated note indenture or subsequently incurred. Upon any payment or distribution of our assets to creditors upon any:

| • |     | liquidation; |

| • |     | dissolution; |

| • |     | winding-up; |

| • |     | receivership; |

| • |     | reorganization; |

| • |     | assignment for the benefit of creditors; |

| • |     | marshaling of assets and liabilities; |

| • |     | bankruptcy; |

| • |     | insolvency; or |

| • |     | debt restructuring or similar proceedings in connection with any insolvency or bankruptcy proceeding, |

the holders of Senior Debt will first be entitled to receive payment in full of the principal of, premium, if any, and interest on such Senior Debt before the holders of the subordinated debt securities will be entitled to receive or retain any payment in respect of the principal of, premium, if any, or interest on the subordinated debt securities. Upon the acceleration of the maturity of any subordinated debt securities, the holders of all Senior Debt outstanding at the time of the acceleration will first be entitled to receive payment in full of all amounts due thereon, including any amounts due upon acceleration, before the holders of subordinated debt securities will be entitled to receive or retain any payment in respect of the principal