0000929638-22-000939.txt : 20220520 0000929638-22-000939.hdr.sgml : 20220520 20220519184920 ACCESSION NUMBER: 0000929638-22-000939 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20220520 DATE AS OF CHANGE: 20220519 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Verizon Master Trust CENTRAL INDEX KEY: 0001844964 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 866471965 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-253034-01 FILM NUMBER: 22944777 BUSINESS ADDRESS: STREET 1: C/O WILMINGTON TRUST, NA STREET 2: 1100 NORTH MARKET STREET CITY: WILMINGTON STATE: DE ZIP: 19890-1605 BUSINESS PHONE: 866-829-1928 MAIL ADDRESS: STREET 1: C/O WILMINGTON TRUST, NA STREET 2: 1100 NORTH MARKET STREET CITY: WILMINGTON STATE: DE ZIP: 19890-1605 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Verizon ABS II LLC CENTRAL INDEX KEY: 0001836995 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 232259884 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: ONE VERIZON WAY CITY: BASKING RIDGE STATE: NJ ZIP: 07920 BUSINESS PHONE: 212-395-1000 MAIL ADDRESS: STREET 1: ONE VERIZON WAY CITY: BASKING RIDGE STATE: NJ ZIP: 07920 FWP 1 fwp.htm
Free Writing Prospectus
Filed Pursuant to Rule 433
Dated May 19, 2022
Registration Statement Nos. 333-253034 and 333-253034-01

*Full Pricing Details* Verizon (VZMT) 2022-3/4 (Device Payment Plans)
Issuer: Verizon
Lead Managers: Citi (str), BNP Paribas, Loop Capital Markets, RBC Capital
DE&I Co-Managers: Cabrera Capital Markets LLC, Drexel Hamilton, R. Seelaus & Co. LLC

-ANTICIPATED CAPITAL STRUCTURE-
CLS
SIZE(mm)^
WAL
F/M
P-WIN
ARD
L-FIN
BENCH
Spread
Yld(%)
CPN(%)
PX
2022-3 A
399.40
1.49
AAA/Aaa
18-18
11/20/23
05/20/27
I-Curv
+67
3.031
3.01
99.99709
2022-3 B
34.40
1.49
AA+/Aa2
18-18
11/20/23
05/20/27
I-Curv
  
** Retained
  
2022-3 C
16.20
1.49
AA-/A2
18-18
11/20/23
05/20/27
I-Curv**
+117
3.531
3.50
99.99239
2022-4 A
488.20
2.99
AAA/Aaa
36-36
05/20/25
11/20/28
I-Curv
+65
3.426
3.40
99.99495
2022-4 B
42.10
2.99
AA+/Aa2
36-36
05/20/25
11/20/28
I-Curv**
+90
3.676
3.64
99.97701
2022-4 C
19.70
2.99
A+/A2
36-36
05/20/25
11/20/28
I-Curv**
+115
3.926
3.89
99.98806

-TRANSACTION DETAILS-
Offered Size:
$1,000,000,000 **No Grow**
Registration:
Publicly offered / SEC registered
ERISA Eligible:
Yes
RR Compliance:
US RR: Yes, EU/UK RR : Article 6(3)(b) retention / No Article 7 undertakings
Ratings:
Fitch and Moody’s
Pricing Speed:
N/A, 2022-3: 11/23 ARD, 2022-4: 05/25 ARD (soft-bullets)
Settlement:
05/25/22
Bloomberg Ticker:
VZMT 2022-3 / VZMT 2022-4


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 Website 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 1-800-831-9146.