Summary by Moomoo AI
Verizon Communications Inc. has successfully issued two sets of Senior Unsecured Notes under its Verizon InterNotes program, as detailed in Pricing Supplement No. 159 filed under Rule 424(b)(2). The offering, which took place from May 13, 2024, to May 20, 2024, included a $1,405,000.00 issuance with a 5.000% coupon rate maturing on May 15, 2029, and a $2,149,000.00 issuance with a 5.150% coupon rate maturing on May 15, 2034. Both issuances offer semi-annual coupon payments and feature a Survivor’s Option. The notes were priced at 100% of the principal amount, with the first coupon payment scheduled for November 15, 2024. The notes are callable at 100% starting on May 15, 2025, for the first issuance, and May 15, 2026, for the second, with a 10-day notice period. The trade date was set on May 20, 2024, with settlement occurring on May 23, 2024. The notes were offered in minimum denominations of $1,000 and were managed by a syndicate of agents led by InspereX, with participation from BofA Securities, Citigroup, Morgan Stanley, RBC Capital Markets, and Wells Fargo Advisors.