424B2

Filed under Rule 424(b)(2), File No. 333-267245

Pricing Supplement No. 132 - Dated Monday, May 15, 2023 (To: Prospectus dated September 2, 2022 and Prospectus Supplement dated September 2, 2022)

CUSIP Number

Principal Amount

Selling Price

Gross Concession

Net Proceeds

Coupon Type

Coupon Rate

Coupon Frequency

Maturity Date

1st Coupon Date

1st Coupon Amount

Survivor’s Option

Product Ranking

92346MLD1

$355,000.00

100.00%

1.450%

$349,852.50

Fixed

4.700%

Semi-Annual

05/15/2030

11/15/2023

$23.11

Yes

Senior Unsecured Notes

Redemption Information: Callable at 100% on 5/15/2024 and any time thereafter with 10 calendar days notice.

Verizon Communications Inc.

Offering Date: Monday, May 8, 2023 through Monday, May 15, 2023

Verizon Communications Inc.

One Verizon Way

Trade Date: Monday, May 15, 2023 @ 12:00 PM ET

Verizon InterNotes ®

Basking Ridge, New Jersey 07920-1097

Settle Date: Thursday, May 18, 2023

Prospectus dated September 2, 2022 and Prospectus

Minimum Denomination/Increments: $1,000.00/$1,000.00

Supplement dated September 2, 2022

Initial trades settle flat and clear SDFS: DTC Book Entry only

DTC Number 0235 via RBC Dain Rauscher Inc

Joint Lead Manager and Lead Agent: InspereX Agents: BofA Securities, Citigroup, Morgan Stanley, RBC Capital Markets, Wells Fargo Advisors Except for Notes sold to level-fee accounts, Notes offered to the public will be offered at the public offering price set forth in this Pricing Supplement. Agents purchasing Notes on an agency basis for non-level fee client accounts shall purchase Notes at the public offering price. Notes purchased by the Agents for their own account may be purchased at the public offering price less the applicable concession. Notes purchased by the Agents on behalf of level-fee accounts may be sold to such accounts at the applicable concession to the public offering price, in which case, such Agents will not retain any portion of the sales price as compensation. If the maturity date or an interest payment date for any note is not a business day (as defined in the prospectus supplement), principal, premium, if any, and interest for that note is paid on the next business day, and no interest will accrue from, and after, the maturity date or interest payment date. The Verizon InterNotes® will be represented by a Master Note in fully registered form, without coupons. The Master Note will be deposited with, or on behalf of, DTC and registered in the name of a nominee of DTC, as depository, or another depository as may be named in a subsequent pricing supplement.

EX-FILING FEES

Exhibit 107

Calculation of Filing Fee Table

FORM S-3

(Form Type)

VERIZON COMMUNICATIONS INC.

(Exact Name of Registrant as Specified in its Charter)

Table 1: Newly Registered and Carry Forward Securities

	Security Type	Security Class Title	Fee Calculation or Carry Forward Rule	Amount Registered	Proposed Maximum Offering Price Per Unit	Maximum Aggregate Offering Price	Fee Rate	Amount of Registration Fee
Newly Registered Securities
Fees to be Paid	Debt	Senior Unsecured Notes	457(r)	$355,000	100.00%	$355,000	$110.20 per $1 million	$39.12

The prospectus supplement to which this exhibit is attached is a final prospectus for the related offering. The maximum amount of that offering is $355,000.