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 (negative outlook) / AA- (negative outlook)
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CUSIP:
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89233P6A9
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Pricing Date:
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March 5, 2012
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Settlement Date:
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March 8, 2012
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Maturity Date:
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April 3, 2013
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Principal Amount:
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$500,000,000 (may be increased prior to Settlement Date)
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Price to Public:
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100.000%
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Commission:
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0.03%
0.15% in the case of Toyota Financial Services Securities USA Corporation
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Net Proceeds to Issuer:
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99.97% / $ 249,925,000
99.85% / $ 249,625,000 in the case of Toyota Financial Services Securities USA Corporation
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Floating Rate Index:
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3 Month LIBOR
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Floating Rate Spread:
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+15 basis points
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Index Source:
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LIBOR Reuters
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Interest Payment Frequency:
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Quarterly
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Initial Interest Rate:
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The initial interest rate will be based on an interpolated interest rate between 3 month and 4 month LIBOR determined on March 6, 2012 plus the Floating Rate Spread, reflecting the long first interest period.
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Interest Payment Dates:
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Each July 3, October 3, January 3 and April 3, beginning July 3, 2012
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Interest Reset Dates:
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The first interest reset date shall be the Settlement Date and thereafter, each Interest Payment Date. Newly reset interest rates shall apply beginning on and including the Interest Reset Date, to but excluding the next Interest Payment Date
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Interest Determination Date:
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Second London Banking Day preceding each Interest Reset 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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Modified Following
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Business Days:
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New York and London
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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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Minimum Denominations:
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$1,000 and $1,000 increments thereafter
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Agents/DTC Number:
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RBC Capital Markets, LLC/#235
Deutsche Bank Securities Inc./#5783
Toyota Financial Services Securities USA Corporation
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