Issuer:
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Toyota Motor Credit Corporation
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Security:
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Floating Rate Medium Term Notes, Series B
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Issuer Senior Long-Term Debt Ratings:
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Aa3 (stable outlook) / AA- (negative outlook)
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Cusip:
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89233P5R3
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Pricing Date:
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December 15, 2011
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Settlement Date:
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December 20, 2011
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Maturity Date:
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January 15, 2013
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Principal Amount:
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$250,000,000
(may be increased prior to the Settlement Date)
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Re-offer Price:
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100.00%
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Gross Underwriting Spread:
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0.03%
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All-in Price to Issuer:
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99.97%
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Net Proceeds to Issuer:
|
|
Floating Rate Index:
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Federal Funds Rate
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Floating Rate Spread:
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+73 basis points
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Index Source:
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Federal Funds Rate
(daily weighted average)
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Interest Payment Frequency:
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Quarterly
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Initial Interest Payment Date:
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April 15, 2012 (long first coupon)
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Interest Payment Dates:
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On the 15th of each April, July, October and on the Maturity Date
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Interest Reset Dates:
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Each Business Day
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Interest Determination Dates:
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One Business Day prior to each related Interest Reset Date
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Interest Rate Cutoff:
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2 Business Days prior to each related Interest Payment Date
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Day Count Convention:
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Actual/360
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Business Day Convention:
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Following, adjusted
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Business Days:
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New York
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Governing Law:
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New York
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Calculation Agent:
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Deutsche Bank Trust Company Americas
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Loop Capital Markets LLC
|
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DTC Number:
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