424B3 1 rmtn108910.txt Filed under Rule 424 (b)(3), File No. 333-132201 Pricing Supplement No. 3 - dated 04/17/2006 (To prospectus dated March 7, 2006 and prospectus supplement dated March 30, 2006) Toyota Motor Credit Corporation =================================================================== Purchasing Proceeds CUSIP Price to Agent's Before Number Public(1) Discount(1) Expenses(1) =================================================================== 89240AAH3 100% 0.625% 99.375% ------------------------------------------------------------------- =================================================================== Interest Interest Stated Rate Per Payment Maturity Survivor's Annum Frequency Date Option =================================================================== 5.250% Semi-Annual 05/20/2009 Yes ------------------------------------------------------------------- Medium-Term Note, Series B - TMCC CoreNotes - Fixed Rate ------------------------------------------------------------------- Interest Payment Dates: The 20th day of May and November of each year commencing 11/20/2006, and at Maturity Redemption Information: Redeemable in whole at the option of Toyota Motor Credit Corporation on 05/20/2007 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) =================================================================== 89240AAJ9 100% 1.100% 98.900% ------------------------------------------------------------------- =================================================================== Interest Interest Stated Rate Per Payment Maturity Survivor's Annum Frequency Date Option =================================================================== See table below Semi-Annual 05/21/2012 Yes ------------------------------------------------------------------- Medium-Term Note, Series B - TMCC CoreNotes - Step-Up Fixed Rate ------------------------------------------------------------------- Interest Payment Dates: The 20th day of May and November of each year commencing 11/20/2006, and at Maturity Redemption Information: Redeemable in whole at the option of Toyota Motor Credit Corporation on 05/20/2008 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. Step Coupon Schedule: Applicable Interest Rate Per Annum: Period: ----------------------------------------------------------------------- 5.2000% 4/26/2006 to but excluding 5/20/2008 5.4000% 5/20/2008 to but excluding 5/20/2010 7.8000% 5/20/2010 to but excluding 5/21/2012 =================================================================== Purchasing Proceeds CUSIP Price to Agent's Before Number Public(1) Discount(1) Expenses(1) =================================================================== 89240AAK6 100% 2.000% 98.000% ------------------------------------------------------------------- =================================================================== Interest Interest Stated Rate Per Payment Maturity Survivor's Annum Frequency Date Option =================================================================== 6.000% Semi-Annual 05/20/2021 Yes ------------------------------------------------------------------- Medium-Term Note, Series B - TMCC CoreNotes - Fixed Rate ------------------------------------------------------------------- Interest Payment Dates: The 20th day of May and November of each year commencing 11/20/2006, and at Maturity Redemption Information: Redeemable in whole at the option of Toyota Motor Credit Corporation on 05/20/2009 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: 04/21/2006 Issue Date: 04/26/2006 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 (1) Expressed as a percentage of the minimum denomination Merrill Lynch & Co. Purchasing Agent Acting as Principal ===============================================================================