Filed under Rule 424(b)(2), File No. 333-233608

Preliminary Pricing Supplement No. 81—Dated Monday, May 18, 2020 (To: Prospectus dated September 4, 2019 and Prospectus Supplement dated September 4, 2019)

 

CUSIP

Number

 

 

Principal

Amount

 

 

Selling
Price

 

 

Gross

Concession

 

 

Net

Proceeds

 

 

Coupon

Type

 

 

Coupon

Rate

 

 

Coupon

Frequency

 

 

Maturity

Date

 

 

1st Coupon

Date

 

 

1st Coupon

Amount

 

 

Survivor’s

Option

 

 

Product

Ranking

 

92346MGN5   [    ]   100.00%   3.150%   [    ]   Fixed   2.950%   Semi-Annual   05/15/2050   11/15/2020   $13.60   Yes   Senior Unsecured Notes

Redemption Information: Callable at 100% on 5/15/2021 and any time thereafter with 10 calendar days notice.

 
 Verizon Communications Inc.     Offering Date: Monday, May 18, 2020 through Tuesday, May 26, 2020   Verizon Communications Inc. 
 One Verizon Way     Trade Date: Tuesday, May 26, 2020 @ 12:00 PM ET   Verizon InterNotes ® 
 Basking Ridge, New Jersey 07920-1097   Settle Date: Friday, May 29, 2020   Prospectus dated September 4, 2019 and Prospectus 
        Minimum Denomination/Increments: $1,000.00/$1,000.00   Supplement dated September 4, 2019 
        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: Incapital

Agents: BofA Merrill Lynch, Citigroup, Morgan Stanley, RBC Capital Markets, Wells Fargo 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.

 
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