Free Writing Prospectus

Filed Pursuant to Rule 433

Dated January 21, 2020

Registration Statement Nos. 333-224598 and 333-224598-05

$1,600,000,000 Verizon Owner Trust 2020-A

Jt-Leads:	BofA (str), MIZ, MUFG, WF
Co-mgrs:	SAN, SG, TD
SG:	Loop, Williams

CL	AMT($MM)	WAL	MDY'S/S&P	PWIN	E/F	L/F	BENCH	YIELD	PRICE	CPN
A-1a	1,325.700	2.46	Aaa/AAA	24-36	2/23	7/22/24	IntS +27	1.862	99.98829	1.85
A-1b	100.000	2.46	Aaa/AAA	24-36	2/23	7/22/24	1ML +27		100.00000
B	98.300	3.14	Aa1/AA+	36-37	3/23	7/22/24	IntS +42	1.995	99.97927	1.98
C	76.000	3.14	Aa3/A+	37-37	3/23	7/22/24	IntS +50	2.075	99.98133	2.06

BILL & DELIVER:	BofA	BBG TICKER/SSAP:	VZOT 2020-A / VERZ
EXPECTED RATINGS:	Moody's/S&P	REGISTRATION:	SEC Registered
EXPECTED SETTLE:	1/29/20	FIRST PAY DATE:	03/20/20
ERISA ELIGIBLE:	YES	EU RR:	No
DENOMS:	$1k/$1k

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 toll-free 1-800-294-1322 or you may e-mail a request to dg.prospectus_request@bofa.com.