FWP 1 mtn938fwp.txt Free Writing Prospectus Filed Pursuant to Rule 433 Registration Statement No. 333-132201 Dated January 29, 2009 Final Terms for Issuance Issuer: Toyota Motor Credit Corporation Security: Floating Rate Medium Term Notes, Series B Issuer Ratings: Aaa (under review for possible downgrade)/ AAA (negative outlook) Cusip: 89233P3G9 Pricing Date: January 29, 2009 Settlement Date: February 3, 2009 Maturity Date: February 4, 2010 Principal Amount: $25,000,000 (may be increased prior to the Settlement Date) Re-offer Price: 100.00% Gross Underwriting Spread: 0.03% All-in Price to Issuer: 99.97% Net Proceeds to Issuer: $24,992,500 Floating Rate Index: 1 Month LIBOR Floating Rate Spread: + 157 basis points Index Source: LIBOR Telerate Interest Payment Frequency: Monthly Initial Interest Payment Date: March 4, 2009 (Long first coupon interpolated between 1 Month Libor and 2 Month Libor) Initial Interest Rate: 1 Month LIBOR determined on January 30, 2009 + 157 basis points, accruing from February 3, 2009 Interest Payment Dates: On the 4th of each calendar month and on the Maturity Date Interest Reset Dates: The same dates as each Interest Payment Date. For the avoidance of doubt, newly reset interest rates shall apply beginning on and including the Interest Reset Date, to but excluding the next Interest Payment Date Interest Determination Dates: Second London Banking Day preceding each Interest Reset Date Day Count Convention: Actual/360 Business Day Convention: Modified Following, adjusted Business Days: New York and London Governing Law: New York Calculation Agent: Deutsche Bank Trust Company Americas Minimum Denominations: $1,000 and $1,000 increments thereafter Agent: Banc of America Securities LLC DTC Number: #773 Capitalized terms used herein but not otherwise defined shall have the meanings assigned to them in the prospectus dated March 7, 2006 and prospectus supplement thereto dated March 7, 2006 relating to these notes. The issuer has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (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 web 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 1-800-294-1322. Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.