Free Writing Prospectus
Filed Pursuant to Rule 433
Dated April 18, 2023
Registration Statement Nos. 333-253034 and 333-253034-01
$1 billion Verizon Master Trust (VZMT), Series 2023-2 (Device Payment Plans)
Joint Bookrunners: | RBC (str), BofA, Citi, MIZ |
Co-Managers: | Scotia, US Bancorp |
DE&I Coordinator: | RBC |
DE&I Co-Managers: | Great Pacific, Mischler, Siebert Williams |
CLS | SIZE(mm) | WAL | S/F | P-WIN | E-FIN/ARD | BENCH | SPRD | YLD | CPN | PX |
A | 891.01 | 1.99 | AAA/AAA | 24-24 | 04/21/25 | I-CRV | + 75 | 4.941 | 4.89 | 99.99843 |
B | 68.12 | 1.99 | AA/AA+ | 24-24 | 04/21/25 | I-CRV | Retained | |||
C | 40.87 | 1.99 | A+/AA- | 24-24 | 04/21/25 | I-CRV | + 125 | 5.441 | 5.38 | 99.99952 |
-The transaction formally announced on Monday, April 17th
Expected Pricing: | PRICED | Offered Amount: | $1,000,000,000 |
Expected Settle: | 04/25/23 | Registration: | Public/SEC-Registered |
First Payment Date: | 05/22/23 | ERISA Eligible: | Yes |
Ratings: | S&P / Fitch | RR Compliance: | US-Yes, EU-No, UK-No |
Bloomberg Ticker: | VZMT 2023-2 | Pricing Speed: | N/A - Soft Bullet |
Bloomberg SSAP: | "VZMT20232" | 04/21/2025 Anticipated Repayment Date (ARD) | |
B&D: | RBC | Min Denoms: | $1k x $1k |
----- CUSIPs ------ ISINs ------------
A 92348K BL6 | US92348K BL61 |
B 92348K BM4 | US92348K BM45 |
C 92348K BN2 | US92348K BN28 |
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-MARKETING MATERIALS-
Preliminary Prospectus/Supplement and Free Writing Prospectus (attached)
Investor Presentation: | www.dealroadshow.com; | Password: | "vzvalue" |
IntexNet Dealname: | "RBCVZMT2302_2YR_UPSIZE" | Password: | "6X7U" |
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 1 866 375-6829.