Free Writing Prospectus
Filed Pursuant to Rule 433
Dated January 19, 2022
Registration Statement Nos. 333-253034 and 333-253034-01
$1.7bln Verizon Master Trust Series (VZMT) 2022-1/2022-2
Joint Bookrunners: BofA (str), Barclays, Mizuho, Wells Fargo
Co-Managers: SCO, SG
DE&I Coordinator: BofA
DE&I Co-Managers: Academy, Amerivet, Loop
Pricing Reference
CLS | SIZE($mm) | WAL | M/S | ARD | LGL | Bench | Yield | Price | Cpn | Bench |
22-1 A | 798.90 | 1.49 | Aaa/AAA | 07/23 | 01/20/27 | J + 27 | 1.044 | 99.99745 | 1.04 | ~+ 4 |
22-1 B | 64.10 | 1.49 | Aa2/AA | 07/23 | 01/20/27 | J + 50 | 1.274 | 99.99908 | 1.27 | ~+27 |
22-1 C | 37.00 | 1.49 | A2/A+ | 07/23 | 01/20/27 | J + 63 | 1.404 | 99.98544 | 1.39 | ~+40 |
22-2 A | 710.10 | 2.99 | Aaa/AAA | 01/25 | 07/20/28 | J + 22 | 1.543 | 99.97649 | 1.53 | ~+ 7 |
22-2 B | 57.00 | 2.99 | Aa2/AA | 01/25 | 07/20/28 | J + 52 | 1.843 | 99.98270 | 1.83 | ~+37 |
22-2 C | 32.90 | 2.99 | A2/A+ | 01/25 | 07/20/28 | J + 70 | 2.023 | 99.98691 | 2.01 | ~+55 |
Bill/Deliver: | BofA | Registration: | Public / SEC registered |
Exp Settle: | 01/25/22 | First Pay: | 02/22/22 |
ERISA Eligible: | Yes | RR Compliance: | US - Yes, EU - No |
Exp Ratings: | Moody's and S&P | Min Denoms: | $1k x $1k |
Pxg Speed: | N/A; 2022-1: 07/23 ARD, 2022-2: 01/25 ARD (soft-bullets) | ||
Pxg Benchmark: | interpolated US Treasury Actives Curve (Bloomberg I25), Ask YTM | ||
Ref Benchmark: | 22-1; EDSF 22-2; interp Libor swaps (IRSB) | ||
BBRG Tickers: | VZMT 2022-1, VZMT 2022-2 | ||
BBRG SSAP: | "TMT1", "TMT2" |
DealRoadshow: www.dealroadshow.com; Password "ULTRA5G"
IntexNet: "basvzmt2201_upsize"; Password "6XYK"
"basvzmt2202_upsize"; Password "4B77"
CUSIPs | 22-1 A: 92348KAL7 | 22-2 A: 92348KAH6 |
22-1 B: 92348KAM5 | 22-2 B: 92348KAJ2 | |
22-1 C: 92348KAN3 | 22-2 C: 92348KAK9 |
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 prospectus_request@bofa.com.