0000929638-23-002526.txt : 20230913 0000929638-23-002526.hdr.sgml : 20230913 20230912214157 ACCESSION NUMBER: 0000929638-23-002526 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20230913 DATE AS OF CHANGE: 20230912 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: 231251487 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 vzmt2023-5_fwp.htm
Free Writing Prospectus
Filed Pursuant to Rule 433
Dated September 12, 2023
Registration Statement Nos. 333-253034 and 333-253034-01


*Full Pricing Details* $425mm Verizon Master Trust (VZMT) Series 2023-5 (Device Payment Plans)
 
 Lead Managers: Citi (str), Barclays, BNP Paribas and Wells Fargo Securities

DE&I Co-Managers: Academy Securities, Amerivet Securities, and R. Seelaus

Co-Managers: Truist & Societe Generale

 
-CAPITAL STRUCTURE-
 
CLS
SIZE(mm)*
WAL
P.WIN
F/M
ARD
L.FINAL
BENCH
Spread
Yield (%)
Coupon (%)
Price
A-1A
265.070
2.00
24-24
AAA/Aaa
09/22/25
09/08/28
I-CRV
+68
5.677
5.610
99.998110
A-1B
113.600
2.00
24-24
AAA/Aaa
09/22/25
09/08/28
SOFR30A
 +68
     
B
28.950
2.00
24-24
AA+/Aa1
09/22/25
09/08/28
I-CRV
  
-Retained-
    
C
17.380
2.00
24-24
AA-/A1
09/22/25
09/08/28
I-CRV
+118
6.177
6.090
99.983140

 
-TRANSACTION DETAILS-
 
Deal Size: $425mm
Exp. Settlement: 9/20/23
First Pay Date: 10/20/23
Offering Format: SEC-Registered
ERISA Eligible: Yes
RR Compliance: US-Yes, EU-No, UK-No
Exp. Ratings: Fitch and Moody's
Min Denoms: $1k x $1k
Pricing Speed: N/A - Soft Bullet 09/22/2025 Anticipated Redemption Date (ARD)
Bloomberg Ticker: VZMT 2023-5
B&D: Citi

 
-MARKETING MATERIALS-
 
Preliminary Prospectus and Free Writing Prospectus (attached)
 
Investor Presentation: https://dealroadshow.com Password: SundayTktOnUs
 
IntexNet Dealname: XVZMT2305 Password: 4763
 
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.