Company: ELV
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-199226
Chunk: 56

Company: Elevance Health, Inc.
Filing Date: 2025-09-09
Form: 424B3
Chunk 56
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 in a Global Note or for maintaining, supervising or reviewing any of the records of the Depository, any nominee or any participant relating to those beneficial interests. We will issue debt securities in definitive form in exchange for a Global Note only in the following situations:

| • |     | if the Depository is at any time unwilling or unable to continue as depository, and a successor depository is not 
 appointed by us within 120 days;                                                                                  |

| • |     | if we choose to issue definitive debt securities; or |

| • |     | if there is an Event of Default (as described herein), and there is a request from the Depository or any holder 
 of the debt securities to issue definitive debt securities.                                                     |

In any such instance, an owner of a beneficial interest in a Global Note will be entitled to have debt securities equal in principal amount to that beneficial interest registered in its name and will be entitled to physical delivery of debt securities in definitive form. Debt securities in definitive form will be issued in denominations of $1,000 and integral multiples thereof and will be issued in registered form only, without coupons. We will maintain one or more offices or agencies where debt securities may be presented for payment and may be transferred or exchanged. You will not be charged a fee for any transfer or exchange of debt securities, but we may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. Mergers and Similar Events We are generally permitted to consolidate with or merge into any other person. In this section, “person” refers to any individual, corporation, partnership, limited liability company, joint venture, trust, unincorporated organization or government or any agency or political subdivision of a government or governmental agency. We are also permitted to sell substantially all of our assets to any other person, or to buy substantially all of the assets of any other person. However, we may not take any of these actions unless all the following conditions are met: 10

| • |     | Where we merge out of existence or sell all or substantially all of our assets, the other person must be a                                                                                                                                      
 corporation (or the other person must include a corporate co-issuer of the debt securities) organized under the laws of a state or the District of Columbia or under federal law and it must agree to be legally                                
 responsible for the outstanding debt securities issued under the indentures. Upon assumption of our obligations by such a person in such circumstances, we shall be relieved of all obligations and