0000929638-23-001508.txt : 20230517 0000929638-23-001508.hdr.sgml : 20230517 20230516192329 ACCESSION NUMBER: 0000929638-23-001508 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20230517 DATE AS OF CHANGE: 20230516 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Toyota Auto Receivables 2023-B Owner Trust CENTRAL INDEX KEY: 0001973043 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-259868-06 FILM NUMBER: 23929281 BUSINESS ADDRESS: STREET 1: 6565 HEADQUARTERS DRIVE STREET 2: ATTENTION: SEC REPORTING CITY: PLANO STATE: TX ZIP: 75024 BUSINESS PHONE: 469-486-9013 MAIL ADDRESS: STREET 1: 6565 HEADQUARTERS DRIVE STREET 2: ATTENTION: SEC REPORTING CITY: PLANO STATE: TX ZIP: 75024 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TOYOTA AUTO FINANCE RECEIVABLES LLC CENTRAL INDEX KEY: 0001131131 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 334836519 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 6565 HEADQUARTERS DRIVE STREET 2: ATTENTION: SEC REPORTING CITY: PLANO STATE: TX ZIP: 75024 BUSINESS PHONE: 469-486-9013 MAIL ADDRESS: STREET 1: 6565 HEADQUARTERS DRIVE STREET 2: ATTENTION: SEC REPORTING CITY: PLANO STATE: TX ZIP: 75024 FWP 1 taot2023b_fwp.htm
Free Writing Prospectus
Filed Pursuant to Rule 433
Dated May 16, 2023
Registration Statement Nos. 333-259868 and 333-259868-06
$1.6 billion Toyota Auto Receivables 2023-B Owner Trust (TAOT 2023-B)
Joint Bookrunners: RBC (str), JPM, Santander, Societe General
DE&I Coordinator: RBC
Active DE&I Co-Managers: Amerivet, Great Pacific, Siebert Williams

- Anticipated Capital Structure -

CLS
TOTAL
AMT($MM)
OFFERED
AMT($MM)
WAL
M/F
P-WIN
E-FIN
L-FIN
BENCH
SPRD
YLD
CPN
PX
A-1
321.000
304.950
0.20
P-1/F1+
01-06
11/23
05/24
I-CRV
+ 20
5.225
5.225
100.00000
A-2a
320.860
304.817
1.02
Aaa/AAA
06-20
01/25
05/26
I-CRV
+ 52
5.341
5.28
99.99769
A-2b
263.140
249.983
1.02
Aaa/AAA
06-20
01/25
05/26
SOFR30A
+ 52
    
100.00000
A-3
555.000
527.250
2.45
Aaa/AAA
20-42
11/26
02/28
I-CRV
+ 84
4.759
4.71
99.99441
A-4
100.000
95.000
3.74
Aaa/AAA
42-47
04/27
09/28
I-CRV
+ 105
4.710
4.66
99.98496
B
40.00
----
3.89
 <Not Offered>

<Not Offered>
        

Expected Pricing:
*PRICED*
Transaction Size:
$1.6 billion ($1,482,000,000 offered)
Expected Settle:
05/23/23
Registration:
Public/SEC-registered
First Pmt Date:
06/15/23
ERISA Eligible:
Yes
Expected Ratings:
Moody's / Fitch
RR Compliance:
US-Yes, EU-No, UK-No
Bloomberg Ticker:
TAOT 2023-B
Pricing Speed:
1.3% ABS to 5% Clean-Up Call
Bloomberg SSAP:
"TAOT2023B"
Min Denoms:
$1k x $1k
Bill & Deliver:
RBC
    

---------- CUSIPs ------- -----------ISINs --------
A-1            891941 AA4                         US891941 AA44
A-2a        891941 AB2                          US891941 AB27
A-2b        891941 AC0                          US891941 AC00
A-3            891941 AD8                          US891941 AD82
A-4            891941 AE6                          US891941 AE65
--------------------------------------------------------

- Available Materials -
Preliminary Prospectus, FWP and Intex CDI (attached)
Intexnet dealname : "RBCTOYOT23B_LARGE"; password "YVAU"


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.