Preliminary Pricing Supplement No. 35

Filed under Rule 424(b)(2), File No. 333-213439 

Preliminary Pricing Supplement No. 35—Dated Monday, May 21, 2018 (To: Prospectus dated September 1, 2016 and Prospectus Supplement Dated: May 15, 2017)

 

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

92346MCT6   [    ]   100.00 %   1.800 %   [    ]   Fixed   4.100 %   Semi-Annual   06/15/2028   12/15/2018   $22.09   Yes   Senior Unsecured
Notes

Redemption Information: Callable at 100% on 6/15/2019 and any time thereafter with 30 Calendar Days Notice.

 
92346MCU3   [    ]   100.00 %   3.150 %   [    ]   Fixed   5.000 %   Semi-Annual   06/15/2048   12/15/2018   $26.94   Yes   Senior Unsecured
Notes

 Redemption Information: Callable at 100% on 6/15/2023 and any time thereafter with 30 Calendar Days Notice.

 
Verizon Communications Inc.     Offering Date: Monday, May 21, 2018 through Tuesday, May 29, 2018   Verizon Communications Inc.
One Verizon Way     Trade Date: Tuesday, May 29, 2018 @ 12:00 PM ET   Verizon InterNotes ®
Basking Ridge, New Jersey 07920-1097     Settle Date: Friday, June 1, 2018   Prospectus dated September 1, 2016 and Prospectus
        Minimum Denomination/Increments: $1,000.00/$1,000.00   Supplement Dated: May 15, 2017
        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.