Company: ELV
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-199226
Chunk: 17

Company: Elevance Health, Inc.
Filing Date: 2025-09-09
Form: 424B3
Chunk 17
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 points in the case of the 2032 notes, 15 basis points in the case of the 2036 notes, and 20 basis points in the case of the 2055 notes, less (b) interest accrued to the redemption date; and (2) 100% of the principal amount of
the notes to be redeemed; plus, in either case, accrued and unpaid interest on the applicable notes to the redemption date.

On or after
the applicable Par Call Date for the respective notes, we may redeem the notes of the applicable series in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the notes being redeemed,
plus accrued and unpaid interest thereon to such redemption date.

For purposes of the foregoing discussion of the applicable optional
redemption provisions, the following definitions are applicable:

“Treasury Rate” means, with respect to any redemption
date, the yield determined by us in accordance with the following two paragraphs.

The Treasury Rate shall be determined by us after 4:15
p.m., New York City time (or after such time as yields on U.S. government securities are posted daily by the Board of Governors of the Federal Reserve System), on the third business day preceding the redemption date based upon the yield or yields
for the most recent day that appear after such time on such day in the most recent statistical release published by the Board of Governors of the Federal Reserve System designated as “Selected Interest Rates (Daily)—H.15” (or any
successor designation or publication) (“H.15”) under the caption “U.S. government securities—Treasury constant maturities—Nominal” (or any successor caption or heading) (“H.15 TCM”). In determining the
Treasury Rate, we shall select, as applicable: (1) the yield for the Treasury constant maturity on H.15 exactly equal to the period from the redemption date to the applicable Par Call Date (the “Remaining Life”); or (2) if
there is no such Treasury constant maturity on H.15 exactly equal to the Remaining Life, the two yields – one yield corresponding to the Treasury constant maturity on H.15 immediately shorter than and one yield corresponding to the Treasury
constant maturity on H.15 immediately longer than the Remaining Life – and shall interpolate to the applicable Par Call Date on a straight-line basis (using the actual number of days) using such yields and rounding the result to three decimal