424B3 1 mtn64789.txt Filed under Rule 424 (b)(3), File No. 333-113680 Pricing Supplement No. 8 - dated 02/27/2006 (To prospectus dated 04/02/2004 and prospectus supplement dated 04/02/2004) Toyota Motor Credit Corporation =================================================================== Purchasing Proceeds CUSIP Price to Agent's Before Number Public(1) Discount(1) Expenses(1) =================================================================== 89233PXE1 100% 0.625% 99.375% ------------------------------------------------------------------- =================================================================== Interest Interest Stated Rate Per Payment Maturity Survivor's Annum Frequency Date Option =================================================================== 4.950% Semi-Annual 03/20/2009 No ------------------------------------------------------------------- Medium-Term Note, Series B - Fixed Rate ------------------------------------------------------------------- Interest Payment Dates: The 20th day of March and September of each year commencing 9/20/2006. Redemption Information: Redeemable in whole at the option of Toyota Motor Credit Corporation on 03/20/2007 and each Interest Payment Date thereafter, at a price equal to 100%, with not less than 30 calendar days' prior notice nor more than 60 calendar days' prior notice. ------------------------------------------------------------------- =================================================================== Purchasing Proceeds CUSIP Price to Agent's Before Number Public(1) Discount(1) Expenses(1) =================================================================== 89233PXF8 100% 1.100% 98.900% ------------------------------------------------------------------- =================================================================== Interest Interest Stated Rate Per Payment Maturity Survivor's Annum Frequency Date Option =================================================================== 5.250% Semi-Annual 03/20/2012 No ------------------------------------------------------------------- Medium-Term Note, Series B - Fixed Rate ------------------------------------------------------------------- Interest Payment Dates: The 20th day of March and September of each year commencing 9/20/2006. Redemption Information: Redeemable in whole at the option of Toyota Motor Credit Corporation on 03/20/2007 and each Interest Payment Date thereafter, at a price equal to 100%, with not less than 30 calendar days' prior notice nor more than 60 calendar days' prior notice. ------------------------------------------------------------------- =================================================================== Purchasing Proceeds CUSIP Price to Agent's Before Number Public(1) Discount(1) Expenses(1) =================================================================== 89233PXG6 100% 1.500% 98.500% ------------------------------------------------------------------- =================================================================== Interest Interest Stated Rate Per Payment Maturity Survivor's Annum Frequency Date Option =================================================================== 5.450% Semi-Annual 03/21/2016 No ------------------------------------------------------------------- Medium-Term Note, Series B - Fixed Rate ------------------------------------------------------------------- Interest Payment Dates: The 20th day of March and September of each year commencing 9/20/2006. Redemption Information: Redeemable in whole at the option of Toyota Motor Credit Corporation on 03/20/2008 and each Interest Payment Date thereafter, at a price equal to 100%, with not less than 30 calendar days' prior notice nor more than 60 calendar days' prior notice. ------------------------------------------------------------------- Toyota Motor Credit Corporation 19001 S. Western Ave Torrance, California 90509 Trade Date: 03/03/2006 Issue Date: 03/08/2006 Minimum Denominations/Increments: $1,000/$1,000 Original Issue Discount: No Form: Book-entry All trades settle without accrued interest and clear SDFS: DTC Book-Entry only Merrill Lynch DTC Participant Number: 161 Further Authorizations: In supplement to the $7,000,000,000 aggregate principal amount (or the equivalent thereof in one or more foreign or composite currencies) of its Medium-Term Notes which Toyota Motor Credit Corporation ("TMCC") was authorized to offer as of April 2, 2004, TMCC has authorized the offer and issuance from time to time of an additional $6,000,000,000 aggregate principal amount of its Medium-Term Notes. (1) Expressed as a percentage of the minimum denomination Merrill Lynch & Co. Purchasing Agent Acting as Principal ===============================================================================