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Changes to the Preliminary Prospectus Supplement—Recent Developments
Concurrently with the pricing of this offering of the Offered Notes, Bell Canada (the “Company”) priced an offering of Cdn$1,000,000,000 principal amount of 3.00% Debentures, Series M-54, due 2031 (the “2031 Canadian Notes”) and Cdn$550,000,000 principal amount of 4.05% Debentures, Series M-55, due 2051 (the “2051 Canadian Notes” and together with the 2031 Canadian Notes the “Canadian Notes”) in Canada (the “Concurrent Canadian Offerings”). The Canadian Notes will be unsecured and unsubordinated obligations of the Company and will be guaranteed on an unsecured and unsubordinated basis by BCE Inc. Closing of the Concurrent Canadian Offerings is expected to occur on or about March 17, 2021. The closings of the offering of each series of Offered Notes and each series of Canadian Notes are not conditioned on the closings of the others. The Canadian Notes have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”) and are not being offered or sold in the United States or to or for the account or benefit of “U.S. persons” (as defined in Regulation S under the Securities Act).
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**The Issuer expects that delivery of the Notes will be made to investors on or about March 17, 2021 which will be the third business day following the date of this pricing term sheet (such settlement being referred to as “T+3”). Under Rule 15c6-1 under the Securities Exchange Act of 1934, as amended, trades in the secondary market are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes prior to the second business day before the date of delivery of the Notes hereunder will be required, by virtue of the fact that the Notes initially settle in T+3, to specify an alternate settlement arrangement at the time of any such trade to prevent a failed settlement. Purchasers of the Notes who wish to trade the Notes prior to the second business day before the date of delivery of the Notes hereunder should consult their advisors.
The offer and sale of the securities to which this communication relates is being made solely in jurisdictions outside Canada in compliance with the applicable rules and regulations of such jurisdictions.
The Issuer and the Guarantor have filed a registration statement (including a prospectus) and a preliminary prospectus supplement with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement and other documents the Issuer and the Guarantor have filed with the SEC for more complete information about the Issuer, the Guarantor 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, the Guarantor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and the preliminary prospectus supplement if you request it by contacting Barclays Capital Inc., toll-free, at 1 (888) 603-5847, BMO Capital Markets Corp., at (866) 864-7760, BofA Securities, Inc., toll-free, at 1-800-294-1322 or by email at dg.prospectus_requests@bofa.com, Citigroup Global Markets Inc., toll-free, at 1 (800) 831-9146 or RBC Capital Markets, LLC, toll-free, at 1 (866) 375-6829.
Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.
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