Filed under Rule 424(b)(2), File No. 333-267245
Pricing Supplement No. 168 - Dated Monday, September 30, 2024 (To: Prospectus dated September 2, 2022 and Prospectus Supplement dated September 2, 2022)
CUSIP Number
| Principal Amount
| Selling
| Gross Concession
| Net Proceeds
| Coupon Type
| Coupon Rate
| Coupon Frequency
| Maturity Date
| 1st Coupon Date
| 1st Coupon Amount
| Survivor’s Option
| Product Ranking
| ||||||||||||
92346MNZ0 | $1,929,000.00 | 100.00% | 1.250% | $1,904,887.50 | Fixed | 4.050% | Semi-Annual | 10/15/2029 | 4/15/2025 | $21.60 | Yes | Senior Unsecured Notes | ||||||||||||
Redemption Information: Callable at 100% on 10/15/2025 and any time thereafter with 10 calendar days notice. | ||||||||||||||||||||||||
92346MPA3 | $2,481,000.00 | 100.00% | 3.150% | $2,402,848.50 | Fixed | 5.050% | Semi-Annual | 10/15/2054 | 4/15/2025 | $26.93 | Yes | Senior Unsecured Notes | ||||||||||||
Redemption Information: Callable at 100% on 10/15/2026 and any time thereafter with 10 calendar days notice. | ||||||||||||||||||||||||
| Verizon Communications Inc. | Offering Date: Monday, September 23, 2024 through Monday, September 30, 2024 | Verizon Communications Inc. | ||||||||||||||||||||||
| One Verizon Way | Trade Date: Monday, September 30, 2024 @ 12:00 PM ET | Verizon InterNotes ® | ||||||||||||||||||||||
| Basking Ridge, New Jersey 07920-1097 | Settle Date: Thursday, October 3, 2024 | Prospectus dated September 2, 2022 and Prospectus | ||||||||||||||||||||||
| Minimum Denomination/Increments: $1,000.00/$1,000.00 | Supplement dated September 2, 2022 | |||||||||||||||||||||||
| Initial trades settle flat and clear SDFS: DTC Book Entry only | ||||||||||||||||||||||||
| DTC Number 0235 via RBC Dain Rauscher Inc | ||||||||||||||||||||||||
Joint Lead Manager and Lead Agent: InspereX Agents: BofA Securities, Citigroup, Morgan Stanley, RBC Capital Markets, Wells Fargo Advisors
It is expected that delivery of the Notes will be made on or about October 3, 2024, which will be the third business day following the date hereof (such settlement cycle being referred to as “T+3”). Under Rule 15c6-1 under the Exchange Act, trades in the secondary market are required to settle in one business day, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes prior to the delivery of the Notes will be required, by virtue of the fact that the Notes initially settle in T+3, to specify an alternate settlement arrangement at the time of any such trade to prevent a failed settlement. Purchasers of the Notes who wish to trade the Notes prior to their date of delivery should consult their own advisors.
Except for Notes sold to level-fee accounts, Notes offered to the public will be offered at the public offering price set forth in this Pricing Supplement. Agents purchasing Notes on an agency basis for non-level fee client accounts shall purchase Notes at the public offering price. Notes purchased by the Agents for their own account may be purchased at the public offering price less the applicable concession. Notes purchased by the Agents on behalf of level-fee accounts may be sold to such accounts at the applicable concession to the public offering price, in which case, such Agents will not retain any portion of the sales price as compensation.
If the maturity date or an interest payment date for any note is not a business day (as defined in the prospectus supplement), principal, premium, if any, and interest for that note is paid on the next business day, and no interest will accrue from, and after, the maturity date or interest payment date.
The Verizon InterNotes® will be represented by a Master Note in fully registered form, without coupons. The Master Note will be deposited with, or on behalf of, DTC and registered in the name of a nominee of DTC, as depository, or another depository as may be named in a subsequent pricing supplement. | ||||||||||||||||||||||||
