Filed Pursuant to Rule 433
Registration No. 333-143744
Final Term Sheet
February 7, 2008
VERIZON COMMUNICATIONS INC.
$750,000,000
4.35% Notes due 2013
$1,500,000,000 5.50% Notes due 2018
$1,750,000,000 6.40% Notes due 2038
Issuer:
|
Verizon Communications Inc. |
Title of Securities: |
4.35% Notes due 2013 (the “Notes due
2013”) 5.50% Notes due 2018 (the “Notes due 2018”) 6.40% Notes due 2038 (the “Notes due 2038”) |
Trade Date: |
February 7, 2008 |
Settlement Date (T+3): |
February 12, 2008 |
Maturity Date: |
Notes due 2013: February 15, 2013 Notes due 2018: February 15, 2018 Notes due 2038: February 15, 2038 |
Aggregate
Principal Amount Offered: |
Notes due 2013: $750,000,000 Notes due 2018: $1,500,000,000 Notes due 2038: $1,750,000,000 |
Price to Public (Issue Price): |
Notes due 2013: 99.724% plus accrued interest,
if any, from February 12, 2008 Notes due 2018: 99.756% plus accrued interest, if any, from February 12, 2008 Notes due 2038: 99.051% plus accrued interest, if any, from February 12, 2008 |
Gross Spread: |
Notes due 2013: 0.350% Notes due 2018: 0.450% Notes due 2038: 0.875% |
Price to Verizon: |
Notes due 2013: 99.374% Notes due 2018: 99.306% Notes due 2038: 98.176% |
Underwriter Reimbursement
of Verizon Expenses: |
Underwriters to reimburse $1,177,000 of Verizon expenses. |
Interest Rate: |
Notes due 2013: 4.35% per annum Notes due 2018: 5.50% per annum Notes due 2038: 6.40% per annum |
Interest Payment Dates: |
Semi-annually on each February 15 and August 15, commencing August 15, 2008. |
Denominations: |
Minimum of $2,000 and integral multiples of $1,000 in excess of $2,000. |
Optional Redemption: |
Notes due 2013: Make-whole call at any time at 100% of discounted present value at Treasury Rate
plus 25 basis points. Notes due 2018: Make-whole call at any time at 100% of discounted present value at Treasury Rate plus 30 basis points. Notes due 2038: Make-whole call at any time at 100% of discounted present value at Treasury Rate plus 35 basis points. |
Joint Bookrunners: |
Notes due 2013: Credit Suisse Securities (USA) LLC,
Greenwich Capital
Markets, Inc. and J.P. Morgan Securities Inc. Notes due 2018: Goldman, Sachs & Co., J.P. Morgan Securities Inc. and UBS Securities LLC Notes due 2038: Barclays Capital Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. |
Allocation: |
||||||||||||
| Notes Due 2013 | Notes Due 2018 | Notes Due 2038 | ||||||||||
Barclays Capital Inc. |
$ | 22,500,000 | $ | 45,000,000 | $ | 420,000,000 | ||||||
Citigroup Global Markets Inc. |
22,500,000 | 45,000,000 | 420,000,000 | |||||||||
Credit Suisse Securities (USA) LLC |
180,000,000 | 45,000,000 | 52,500,000 | |||||||||
Goldman, Sachs & Co. |
22,500,000 | 360,000,000 | 52,500,000 | |||||||||
Greenwich Capital Markets, Inc. |
180,000,000 | 45,000,000 | 52,500,000 | |||||||||
J.P. Morgan Securities Inc. |
180,000,000 | 360,000,000 | 420,000,000 | |||||||||
UBS Securities LLC |
22,500,000 | 360,000,000 | 52,500,000 | |||||||||
Bear,
Stearns & Co. Inc. |
22,500,000 | 45,000,000 | 52,500,000 | |||||||||
Mistubishi UFJ Securities International plc |
22,500,000 | 45,000,000 | 52,500,000 | |||||||||
RBC Capital Markets Corporation |
22,500,000 | 45,000,000 | 52,500,000 | |||||||||
Wachovia Capital Markets, LLC |
22,500,000 | 45,000,000 | 52,500,000 | |||||||||
Blaylock Robert Van, LLC |
7,500,000 | 0 | 17,500,000 | |||||||||
Guzman & Company |
7,500,000 | 15,000,000 | 0 | |||||||||
Loop Capital Markets, LLC |
7,500,000 | 0 | 17,500,000 | |||||||||
Muriel
Siebert & Co., Inc. |
0 | 15,000,000 | 17,500,000 | |||||||||
Samuel A.
Ramirez & Co., Inc. |
7,500,000 | 15,000,000 | 0 | |||||||||
The Williams Capital Group, LP. |
0 | 15,000,000 | 17,500,000 | |||||||||
| $ | 750,000,000 | $ | 1,500,000,000 | $ | 1,750,000,000 | |||||||
Reference Document: |
Prospectus Supplement, subject to completion, dated
February 7, 2008; Prospectus dated February 7, 2008 |
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Barclays Capital Inc. toll-free at 1 (888) 227-2275 Ext. 2663, Citigroup Global Markets Inc. toll-free at 1 (877) 858-5407, Credit Suisse Securities (USA) LLC toll-free at 1 (800) 221-1037, Goldman, Sachs & Co. toll-free at 1 (866) 471-2526, J.P. Morgan Securities Inc. collect at 1 (212) 834-4533, Greenwich Capital Markets, Inc. toll-free at 1 (866) 884-2071 or UBS Securities LLC toll-free at 1 (888) 827-6444 Ext. 561-3884.
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