# EDGAR Filing Document

**Accession Number:** 0001844964
**File Stem:** 0000929638-25-002260
**Filing Date:** 2025-6
**Character Count:** 5861
**Document Hash:** 54bc8f79c1a96a8cf2a41610f63c6218
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000929638-25-002260.hdr.sgml**: 20250618

**ACCESSION NUMBER**: 0000929638-25-002260

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250618

**DATE AS OF CHANGE**: 20250617

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Verizon Master Trust
- **CENTRAL INDEX KEY:** 0001844964
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 866471965
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-278415-01
- **FILM NUMBER:** 251054951

**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]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 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

#### Free Writing Prospectus

#### Filed Pursuant to Rule 433

#### Dated June 17, 2025

#### Registration Statement Nos. 333-278415 and 333-278415-01

$600 million Verizon Master Trust (VZMT) 2025-5 (Device Payment Plans)

Joint Bookrunners:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; RBC (str), Mizuho, MS, Wells Fargo

Co-Managers:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DB, Santander, US Bancorp

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| SERIES | CLS | AMT($MM) | WAL | P.WIN | S/M | ARD | L-FINAL | BENCH | SPRD | YLD | CPN | PX |
| 2025-5 | A-1a | 400.95 | 2.99 | 36-36 | AAA/Aaa | 06/20/28 | 06/20/31 | I-CRV | +55 | 4.443 | 4.40 | 99.99330 |
| 2025-5 | A-1b | 133.65 | 2.99 | 36-36 | AAA/Aaa | 06/20/28 | 06/20/31 | SOFR30A | +55 |  |  | 100.00000 |
| 2025-5 | B | 40.87 | 2.99 | 36-36 | AA/Aa1 | 06/20/28 | 06/20/31 | I-CRV |  | N/A |  |  |
| 2025-5 | C | 24.53 | 2.99 | 36-36 | A/Aa3 | 06/20/28 | 06/20/31 | I-CRV | +100 | 4.893 | 4.84 | 99.98939 |

---

-Transaction Details-

---

| | | | |
|:---|:---|:---|:---|
| Expected Pricing: | PRICED | Offered Amount: | $600000000 |
| Expected Settle: | 06/24/25 | Registration: | SEC Registered |
| First Pmt Date: | 07/21/25 | ERISA Eligible: | Yes |
| Expected Ratings: | S&P/Moody's | RR Compliance: | US-Yes; EU-No; UK-No |
| Bloomberg Ticker: | VZMT 2025-5 | Pricing Speed: | Soft Bullet on 06/20/28 Anticipated Redemption Date ("ARD") |
| Bloomberg SSAP: | "VZMT255" | Min Denoms: | $1k x $1k |
| Bill & Deliver: | RBC |  |  |

---

------------- CUSIP -------------------- ISIN -----

A-1a&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92348K EF6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; US92348K EF66

A-1b&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92348K EG4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; US92348K EG40

B&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92348K EH2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; US92348K EH23

C&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92348K EJ8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; US92348K EJ88

--------------------------------------

-Available Materials-

Preliminary Prospectus and FWP (attached)

Intex CDI file (attached)

Intexnet dealname:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; "RBCVZMT2505"; password "JX6Y"

Deal Roadshow:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; www.dealroadshow.com; password "Project624"

Direct Link:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; https://dealroadshow.com/e/Project624

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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.