-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, EA/jEjY7aFwaCTxdZu2pi16Gvl6nLP49TfWxOOpnkiPSpfVKKB7YWeavKOA9GMYc P6r2wY7G57NsSvywFEMCAg== 0000834071-94-000021.txt : 19940421 0000834071-94-000021.hdr.sgml : 19940421 ACCESSION NUMBER: 0000834071-94-000021 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19940408 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TOYOTA MOTOR CREDIT CORP CENTRAL INDEX KEY: 0000834071 STANDARD INDUSTRIAL CLASSIFICATION: 6141 IRS NUMBER: 953775816 STATE OF INCORPORATION: CA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 033-52359 FILM NUMBER: 94521065 BUSINESS ADDRESS: STREET 1: 19001 S WESTERN AVE CITY: TORRANCE STATE: CA ZIP: 90509-2958 BUSINESS PHONE: 3107153700 MAIL ADDRESS: STREET 1: 19001 S WESTERN AVE CITY: TORRANCE STATE: CA ZIP: 90509 424B3 1 424B3 PRICING SUPPLEMENT DATED APRIL 7, 1994 Pricing Supplement dated April 7, 1994 Rule 424(b)(3) (To Prospectus dated March 9, 1994 and File No. 33-52359 Prospectus Supplement dated March 9, 1994 TOYOTA MOTOR CREDIT CORPORATION Medium-Term Note - Floating Rate ______________________________________________________________________________________ Principal Amount: $50,000,000 Trade Date: April 7, 1994 Issue Price: 100% Original Issue Date: April 11, 1994 Initial Interest Rate: See "Additional Net Proceeds to Issuer: $50,000,000 Terms of the Notes" Discount or Commission: 0.0% Interest Payment Period: Quarterly Stated Maturity Date: April 11, 1996 ______________________________________________________________________________________ Calculation Agent: Bankers Trust Company Interest Calculation: [X] Regular Floating Rate Note [ ] Floating Rate/Fixed Rate Note [ ] Inverse Floating Rate Note (Fixed Rate Commencement (Fixed Interest Rate): Date): [ ] Other Floating Rate Note (Fixed Interest Rate): (see attached) Interest Rate Basis: [ ] CD Rate [ ] Commercial Paper Rate [X] Prime Rate [ ] Eleventh District Cost of Funds Rate [ ] Federal Funds Rate [ ] LIBOR [ ] Treasury Rate [ ] Other (see attached) If LIBOR, Designated LIBOR Page: [ ] Reuters Page: [ ] Telerate Page: Initial Interest Reset Date: April 12, 1994 Spread (+/-): -2.07% Interest Rate Reset Period: Daily Spread Multiplier: N/A Interest Reset Dates: Each Business Day Maximum Interest Rate: N/A Interest Payment Dates: April 11, July 11, Minimum Interest Rate: N/A October 11, and January 11 Index Maturity: N/A Index Currency: U.S. dollars Day Count Convention: [ ] 30/360 for the period from to [X] Actual/360 for the period from 4/11/94 to 4/11/96 [ ] Other (see attached) to Redemption: [X ] The Notes cannot be redeemed prior to the Stated Maturity Date. [ ] The Notes may be redeemed prior to Stated Maturity Date. Initial Redemption Date: Initial Redemption Percentage: % Annual Redemption Percentage Reduction: % until Redemption Percentage is 100% of the Principal Amount. Repayment: [x] The Notes cannot be repaid prior to the Stated Maturity Date. [ ] The Notes can be repaid prior to the Stated Maturity Date at the option of the holder of the Notes. Optional Repayment Date(s): Repayment Price: % Currency: Specified Currency: U.S. dollars (If other than U.S. dollars, see attached) Minimum Denominations: (Applicable only if Specified Currency is other than U.S. dollars) Original Issue Discount: [ ] Yes [x] No Total Amount of OID: Yield to Maturity: Initial Accrual Period: Form: [x] Book-entry [ ] Certificated
___________________________ Lehman Brothers Additional Terms of the Notes The Initial Interest Rate will be calculated by treating the Original Issue Date as if it were an Interest Reset Date. Notwithstanding anything contained in the Prospectus or the Prospectus Supplement to the contrary, the Interest Determination Date with respect to each Interest Reset Date shall be such Interest Reset Date, except that the interest rate to be used beginning two Business Days immediately prior to each Interest Payment Date (including the date of Maturity) will be the interest rate in effect on the second Business Day immediately preceding such Interest Payment Date or date of Maturity, as the case may be. Plan of Distribution Lehman Brothers, acting as principal, has agreed to purchase and TMCC has agreed to sell the Notes at 100% of the principal amount thereof. Lehman Brothers proposes to offer the Notes directly to purchasers at an initial public offering price of 100% of the principal amount thereof. After the Notes are released for sale to the public, the offering price may from time to time be varied by Lehman Brothers. Under the terms and conditions of the Distribution Agreement, Lehman Brothers is committed to take and pay for all of the Notes offered hereby if any are taken.
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