FWP
 

Filed Pursuant to Rule 433
Registration No. 333-143744
Final Term Sheet
April 1, 2008
VERIZON COMMUNICATIONS INC.
$1,250,000,000 5.250% Notes due 2013
$1,500,000,000 6.100% Notes due 2018
$1,250,000,000 6.900% Notes due 2038
     
Issuer:
  Verizon Communications Inc.
 
    
Title of Securities:
  5.250% Notes due 2013 (the “Notes due 2013”)
 
  6.100% Notes due 2018 (the “Notes due 2018”)
 
  6.900% Notes due 2038 (the “Notes due 2038”)
 
    
Trade Date:
  April 1, 2008
 
    
Settlement Date (T+3):
  April 4, 2008
 
    
Maturity Date:
  Notes due 2013: April 15, 2013
 
  Notes due 2018: April 15, 2018
 
  Notes due 2038: April 15, 2038
 
    
Aggregate Principal Amount Offered:
  Notes due 2013: $1,250,000,000
 
  Notes due 2018: $1,500,000,000
 
  Notes due 2038: $1,250,000,000
 
    
Price to Public (Issue Price):
  Notes due 2013: 99.579% plus accrued interest, if any, from April 4, 2008
 
  Notes due 2018: 99.479% plus accrued interest, if any, from April 4, 2008
 
  Notes due 2038: 98.724% plus accrued interest, if any, from April 4, 2008
 
    
Gross Spread:
  Notes due 2013: .350%
 
  Notes due 2018: .450%
 
  Notes due 2038: .750%
 
    
Price to Verizon:
  Notes due 2013: 99.229%
 
  Notes due 2018: 99.029%
 
  Notes due 2038: 97.974%

 

 

     
Interest Rate:
  Notes due 2013: 5.250% per annum
 
  Notes due 2018: 6.100% per annum
 
  Notes due 2038: 6.900% per annum
 
    
Interest Payment Dates:
  Semi-annually on each April 15 and October 15, commencing October 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 40 basis points.
 
  Notes due 2018: Make-whole call at any time at 100% of discounted present value at Treasury Rate plus 40 basis points.
 
  Notes due 2038: Make-whole call at any time at 100% of discounted present value at Treasury Rate plus 40 basis points.
 
    
Joint Bookrunners:
  Notes due 2013 and Notes due 2018: Banc of America Securities LLC, Lehman Brothers Inc. and Morgan Stanley & Co. Incorporated
 
    
 
  Notes due 2038: Banc of America Securities LLC, Barclays Capital Inc. and Credit Suisse Securities (USA) LLC

 

 

Allocation:
                         
    Notes Due 2013     Notes Due 2018     Notes Due 2038  
 
                        
Banc of America Securities LLC
   $ 287,500,000     $ 345,000,000     $ 287,500,000  
 
                        
Barclays Capital Inc.
     37,500,000       45,000,000       287,500,000  
 
                        
Credit Suisse Securities (USA) LLC
     37,500,000       45,000,000       287,500,000  
 
                        
Lehman Brothers Inc.
     287,500,000       345,000,000       37,500,000  
 
                        
Morgan Stanley & Co. Incorporated
     287,500,000       345,000,000       37,500,000  
 
                        
Citigroup Global Markets Inc.
     37,500,000       45,000,000       37,500,000  
 
                        
Goldman, Sachs & Co.
     37,500,000       45,000,000       37,500,000  
 
                        
Greenwich Capital Markets, Inc.
     37,500,000       45,000,000       37,500,000  
 
                        
J.P. Morgan Securities Inc.
     37,500,000       45,000,000       37,500,000  
 
                        
Merrill Lynch, Pierce, Fenner & Smith Incorporated
     37,500,000       45,000,000       37,500,000  
 
                        
Wachovia Capital Markets, LLC
     37,500,000       45,000,000       37,500,000  
 
                        
UBS Securities LLC
     37,500,000       45,000,000       37,500,000  
 
                        
Guzman & Company
     0       0       12,500,000  
 
                        
Loop Capital Markets, LLC
     12,500,000       15,000,000       0  
 
                        
Mitsubishi UFJ Securities International plc
     12,500,000       15,000,000       12,500,000  
 
                        
Muriel Siebert & Co., Inc.
     12,500,000       15,000,000       0  
 
                        
RBC Capital Markets Corporation
     12,500,000       15,000,000       12,500,000  
 
                        
The Williams Capital Group, L.P.
     0       0       12,500,000  
 
                  
 
                        
 
   $ 1,250,000,000     $ 1,500,000,000     $ 1,250,000,000  
 
                  
Reference Document:   Prospectus Supplement, subject to completion, dated April 1, 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 Banc of America Securities LLC toll-free at 1 (800) 294-1322, Barclays Capital Inc. toll-free at 1 (800) 227-2275, Ext. 2663, Credit Suisse Securities (USA) LLC toll-free at 1 (800) 221-1037, Lehman Brothers Inc. toll-free at 1 (888) 603-5847 or Morgan Stanley & Co. Incorporated toll-free at 1 (866) 718-1649.
Any disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such disclaimers or other notices were automatically generated as a result of this communication being sent via Bloomberg or another email system.