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United States Cellular Corporation 5.50% Senior Notes due 2070

Ticker: UZE

Parent Ticker: USM

OTC Grey Market Temporary Ticker: NA

Issuance Date: 11/30/2020

1st Call Date: 03/01/2026

Maturity Date: 03/01/2070

Shares Issued: 10,000,000

Overallotment Shares: 0

Coupon: 5.50%

Face Value: $25.00

Cumulative: No

Qualified: No

Quarterly Dividend Amount: 0.344

Payment Months: MAR, JUN, SEP, DEC

Payment Day: 1

S&P Rating: BB

III Rating (In Regards to Dividend Safety Only): C

Moody Rating: Ba1

Fitch Rating: BB+