Company: ELV
Filing Date: 2025-09-08
Form Type: 424B3
Source: 0001193125-25-197796
Chunk: 28

Company: Elevance Health, Inc.
Filing Date: 2025-09-08
Form: 424B3
Chunk 28
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 the foregoing requirements, interest on the notes that is not effectively connected with the Non-U.S.Holder’s conduct of a trade or business within the United States will be subject to the 30% U.S. federal withholding tax (or lower rate under an applicable income tax treaty). If a Non-U.S.Holder is engaged in a trade or business in the United States and interest on the note is effectively connected with the conduct of such trade or business, and, if required by an applicable income tax treaty, is attributable to a U.S. permanent establishment or a fixed base of the Non-U.S.Holder, the Non-U.S. Holderwill generally be taxed in the same manner as a U.S. Holder (see “ —Tax Consequences to U.S. Holders” above), subject to an applicable income tax treaty providing otherwise. Such a Non-U.S.Holder will be required to provide a properly executed IRS Form W-8ECIin order to claim an exemption from withholding tax on interest. Non-U.S.Holders whose interest derived from the notes may be effectively connected with the conduct of a trade or business in the United States are urged to consult their own tax advisors with respect to the U.S. tax consequences of the ownership and disposition of notes, including the possible imposition of an additional branch profits tax, currently at a rate of 30% (or lower rate under an applicable income tax treaty), on Non-U.S.Holders that are corporations. Sale, exchange or other disposition of the notes Subject to the discussions of backup withholding and FATCA withholding below, U.S. federal income or withholding tax generally will not apply to any gain that a Non-U.S.Holder realizes on the sale, exchange, redemption, retirement or other taxable disposition of a note unless (i) that gain is effectively connected with the conduct of a trade or business in the United States by the Non-U.S.Holder and, if required by an applicable income tax treaty, is attributable to a U.S. permanent establishment or fixed base of the Non-U.S.Holder or (ii) the Non-U.S.Holder is an individual who is present in the United States for a period or periods aggregating 183 days or more in the taxable year of that disposition and other conditions are met. If clause (i) applies, the Non-U.S.Holder will be subject to U.S. federal income tax on the net gain derived from the disposition generally S-20

in the same manner as if the Non-U.S. Holder were a U.S.