VERIZON COMMUNICATIONS The redemption price for the 4.60% Notes will be equal to the greater of (i) 100% of the principal amount of the 4.60% Notes being redeemed, or (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the 4.60% Notes being redeemed (exclusive of interest accrued to the Redemption Date), as the case may be, discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined in the 4.60% Notes) plus 25 basis points (the '4.60% Notes Redemption Price'), plus, in either case, accrued and unpaid interest on the principal amount being redeemed to but excluding the Redemption Date. The 4.60% Notes Redemption Price will be calculated in accordance with the terms of the 4.60% Notes on the third Business Day (as defined in the 4.60% Notes) preceding the Redemption Date.
The redemption price for the 3.125% Notes will be equal to the greater of (i) 100% of the principal amount of the 3.125% Notes being redeemed, or (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the 3.125% Notes being redeemed (exclusive of interest accrued to the Redemption Date), discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined in the 3.125% Notes) plus 20 basis points (the '3.125% Notes Redemption Price'), plus, in either case, accrued and unpaid interest on the principal amount being redeemed to the Redemption Date. The 3.125% Notes Redemption Price will be calculated in accordance with the terms of the 3.125% Notes on the third Business Day (as defined in the 3.125% Notes) preceding the Redemption Date.
Questions relating to the notice of redemption and related materials should be directed to the paying agent:
Contact:
Tel: 201.572.9317
Email: eric.wilkens@verizon.com
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