Company: ELV
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-199226
Chunk: 16

Company: Elevance Health, Inc.
Filing Date: 2025-09-09
Form: 424B3
Chunk 16
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 Interest on the
2028 notes, the 2032 notes and the 2055 notes will be paid to the persons in whose names such notes are registered at the close of business on March 1 or September 1 (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 January 1 or July 1 (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-11

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, August 15, 2028 (one month prior to the maturity date of such notes), (ii) with respect to the 2032 notes, July 15, 2032 (two months prior to the maturity date of such notes), (iii) with
respect to the 2036 notes, October 15, 2035 (three months prior to the maturity date of such notes), and (iv) with respect to the 2055 notes, March 15, 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 10 basis points in the case of the 2028
notes, 15 basis