Filed Pursuant to Rule 433
Registration No. 333-213439
Final Term Sheet
August 1, 2017
VERIZON COMMUNICATIONS INC.
$3,000,000,000 4.50% Notes due 2033
| Issuer: | Verizon Communications Inc. (“Verizon”) | |
| Title of Securities: | 4.50% Notes due 2033 (the “Notes”) | |
| Trade Date: | August 1, 2017 | |
| Settlement Date (T+7): | August 10, 2017 | |
| Maturity Date: | August 10, 2033 | |
| Aggregate Principal Amount Offered: | $3,000,000,000 | |
| Public Offering Price: | 99.718% plus accrued interest, if any, from August 10, 2017 | |
| Underwriting Discount: | 0.50% | |
| Proceeds to Verizon (before expenses): | 99.218% | |
| Interest Rate: | 4.50% per annum | |
| Interest Payment Dates: | Semiannually on each February 10 and August 10, commencing February 10, 2018 | |
| Denomination: | Minimum denominations of $2,000 and integral multiples of $1,000 in excess of $2,000 | |
| Optional Redemption: | Make-whole call at the greater of 100% of the principal amount of the Notes being redeemed or the discounted present value at Treasury Rate plus 25 basis points, plus accrued and unpaid interest | |
| Allocation: | ||
| Principal Amount of Notes | ||||
| Morgan Stanley & Co. LLC |
$ | 1,590,000,000 | ||
| Credit Suisse Securities (USA) LLC |
780,000,000 | |||
| MUFG Securities Americas Inc. |
570,000,000 | |||
| Academy Securities, Inc. |
30,000,000 | |||
| Great Pacific Securities |
30,000,000 | |||
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| Total |
$ | 3,000,000,000 | ||
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| Representatives: | Morgan Stanley & Co. LLC Credit Suisse Securities (USA) LLC | |
| Reference Document: | Preliminary Prospectus Supplement, subject to completion, dated August 1, 2017; Prospectus dated September 1, 2016 | |
The issuer has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by contacting Morgan Stanley & Co. LLC toll-free at 1-866-718-1649 or Credit Suisse Securities (USA) LLC at 1-800-221-1037 or contacting the issuer at:
Investor Relations
Verizon Communications Inc.
One Verizon Way
Basking Ridge, New Jersey 07920
Telephone: (212) 395-1525
Internet Site: www.verizon.com/about/investors
Any disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such disclaimers or other notices were automatically generated as a result of this communication being sent via Bloomberg or another email system.
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