Obligation VeriCom 4.55% ( US92346MBY66 ) en USD

VeriCom

83.976 % ▲

Etas-Unis

US92346MBY66 ( en USD )

4.55% par an ( paiement semestriel )

15/02/2048

Prospectus brochure de l'obligation Verizon Communications US92346MBY66 en USD 4.55%, échéance 15/02/2048

1 000 USD

4 836 000 USD

92346MBY6

BBB+ ( Qualité moyenne inférieure )

Baa1 ( Qualité moyenne inférieure )

15/08/2025 ( Dans 95 jours )

Verizon Communications est une société américaine de télécommunications offrant des services sans fil, Internet haut débit fixe et télévision par câble à des clients résidentiels et commerciaux aux États-Unis et dans certains pays internationaux.

Verizon Communications (US92346MBY66/92346MBY6) a émis une obligation américaine de 4 836 000 USD, au prix actuel de 94,33 %, avec un taux d'intérêt de 4,55 %, une maturité fixée au 15/02/2048, des paiements semestriels, une taille minimale d'achat de 1 000 USD, et notée BBB+ par S&P et Baa1 par Moody's.

Pricing Supplement No. 24
424B2 1 d476351d424b2.htm PRICING SUPPLEMENT NO. 24
CALCULATION OF REGISTRATION FEE

Title of Each Class of
Maximum Aggregate
Amount of
Securities Offered

Offering Price

Registration Fee (1)
3. 700 % Verizon Int erNot es® due February 15, 2028

$1, 950, 000

$242. 78
4. 550 % Verizon Int erNot es® due February 15, 2048

$4, 836, 000

$602. 08
(1)
Calculat ed in accordance wit h Rule 457(r) under t he Securit ies Act of 1933, as amended
Filed under Rule 424(b)(2), File No. 333 -213439
Pricing Supplement No. 24--Dat ed Monday, February 12, 2018 (To: Prospect us dat ed Sept ember 1, 2016 and Prospect us Supplement Dat ed: May 15, 2017)
CUSIP
Principal
Selling
Gross
Net
Coupon Coupon
Coupon
Maturity 1st Coupon 1st Coupon Survivor' s
Product
Number

Amount
Price Concession
Proceeds
Type Rate Frequency
Date

Date
Amount

Option

Ranking

92346MBX8 $1, 950, 000. 00 100. 00 %
1. 800 %
$1, 914, 900. 00
Fixed
3. 700 % Semi - Annual 02/ 15/ 2028
8/ 15/ 2018
$18. 50

Yes

Senior Unsecured

Notes

Redemption Information: Callable at 100% on 2/ 15/ 2019 and any time thereafter with 30 Calendar Days Notice.

92346MBY6 $4, 836, 000. 00 100. 00 %
3. 150 %
$4, 683, 666. 00
Fixed
4. 550 % Semi - Annual 02/ 15/ 2048
8/ 15/ 2018
$22. 75

Yes

Senior Unsecured

Notes

Redemption Information: Callable at 100% on 2/ 15/ 2023 and any time thereafter with 30 Calendar Days Notice.

Verizon Communicat ions Inc.

Of f ering Dat e: Monday, February 5, 2018 t hrough Monday, February 12, 2018

Verizon Communicat ions Inc.
One Verizon Way

Trade Dat e: Monday, February 12, 2018 @ 12: 00 PM ET

Verizon Int erNot es ®
Basking Ridge, New Jersey 07920 - 1097

Set t le Dat e: Thursday, February 15, 2018

Prospect us dat ed Sept ember 1, 2016 and Prospect us

Minimum Denominat ion/ Increment s: $1, 000. 00/ $1, 000. 00

Supplement Dat ed: May 15, 2017

Init ial t rades set t le f lat and clear SDFS: DTC Book Ent ry only

DTC Number 0235 via RBC Dain Rauscher Inc

Joint Lead Manager and Lead Agent : Incapit al

Agent s: Bof A Merrill Lynch, Cit igroup, Morgan St anley, RBC Capit al Market s, Wells Fargo Advisors

Except f or Not es sold t o level - f ee account s, Not es of f ered t o t he public will be of f ered at t he public of f ering price set f ort h in
t his Pricing Supplement . Agent s purchasing Not es on an agency basis f or non - level f ee client account s shall purchase Not es at t he
public of f ering price. Not es purchased by t he Agent s f or t heir own account may be purchased at t he public of f ering price less t he
applicable concession. Not es purchased by t he Agent s on behalf of level - f ee account s may be sold t o such account s at t he
applicable concession t o t he public of f ering price, in which case, such Agent s will not ret ain any port ion of t he sales price as
compensat ion.

If t he mat urit y dat e or an int erest payment dat e f or any not e is not a business day (as def ined in t he prospect us supplement ),
principal, premium, if any, and int erest f or t hat not e is paid on t he next business day, and no int erest will accrue f rom, and
af t er, t he mat urit y dat e or int erest payment dat e.

The Verizon Int erNot es® will be represent ed by a Mast er Not e in f ully regist ered f orm, wit hout coupons. The Mast er Not e will be
deposit ed wit h, or on behalf of , DTC and regist ered in t he name of a nominee of DTC, as deposit ory, or anot her deposit ory as may
be named in a subsequent pricing supplement .

RECENT DEVELOPMENTS

On January 23, 2018, we announced our unaudit ed preliminary result s f or t he f ourt h quart er and f ull year 2017. For t he f ourt h
quart er 2017, we report ed net income at t ribut able t o Verizon of $18. 7 billion, or $4. 56 per dilut ed share, compared wit h net
income of $4. 5 billion, or $1. 10 per share, in t he f ourt h quart er 2016. Report ed earnings in t he f ourt h quart er 2017 included
special it ems primarily relat ed t o t he annual act uarial valuat ion of benef it plans and mark- t o- market pension adj ust ment s and
severance relat ed charges, early debt redempt ion cost s, charge f or product realignment , acquisit ion and int egrat ion relat ed
cost s, gain on spect rum license t ransact ions and t he provisional est imat e of t he impact of t he Tax Cut s and Jobs Act . Fourt h
quart er 2016 report ed earnings included severance cost s and mark- t o- market pension and benef it credit s. For t he f ull year 2017,
we report ed earnings at t ribut able t o Verizon of $30. 1 billion, or $7. 36 per dilut ed share, compared wit h $13. 1 billion, or $3. 21
per dilut ed share, in 2016.

During t he f ourt h quart er 2017, consolidat ed operat ing revenues were $34. 0 billion, an increase of 5. 0% compared t o t he f ourt h
quart er 2016. Annual consolidat ed operat ing revenues remained consist ent at $126. 0 billion in 2017, compared t o 2016.

Tot al operat ing expenses were $29. 2 billion in t he f ourt h quart er 2017 and $98. 6 billion f or t he f ull year 2017, an increase of
19. 9% and a decrease of 0. 3%, respect ively, f rom t he corresponding periods in 2016.

Tot al operat ing revenues f rom our Wireless segment were $23. 8 billion f or t he f ourt h quart er 2017 and $87. 5 billion f or t he f ull
year 2017, an increase of 1. 7% and a decrease of 1. 9%, respect ively, f rom t he corresponding periods in 2016. Wireless t ot al
operat ing expenses were $16. 7 billion f or t he f ourt h quart er 2017 and $58. 3 billion f or t he f ull year 2017, a decrease of 2. 4% and
1. 7%, respect ively, f rom t he corresponding periods in 2016.

Tot al operat ing revenues f rom our Wireline segment were $7. 6 billion f or t he f ourt h quart er 2017 and $30. 7 billion f or t he f ull
year 2017, an increase of 0. 1% and 0. 6%, respect ively, f rom t he corresponding periods in 2016. Wireline t ot al operat ing expenses
were $7. 6 billion f or t he f ourt h quart er 2017 and $30. 3 billion f or t he f ull year 2017, an increase of 3. 9% and a decrease of 1. 6%,
respect ively, f rom t he corresponding periods in 2016.

Cash f lows f rom operat ing act ivit ies were $25. 3 billion f or t he f ull year 2017, compared wit h $22. 8 billion in 2016. In 2017, net
cash used in invest ing act ivit ies was $19. 4 billion, including $17. 2 billion in capit al expendit ures. Net cash used in f inancing
act ivit ies was $6. 7 billion in 2017. Our t ot al debt increased by $9. 0 billion compared wit h year - end 2016, t o $117. 1 billion at

year - end 2017.

https://www.sec.gov/Archives/edgar/data/732712/000119312518039776/d476351d424b2.htm[2/13/2018 9:23:46 AM]

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