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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89233P6F8
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Pricing Date:
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June 7, 2012
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Settlement Date:
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June 12, 2012
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Maturity Date:
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June 13, 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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0.15%
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Net Proceeds to Issuer:
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99.85% / $499,250,000
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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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+10 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 June 8, 2012 plus the Floating Rate Spread, reflecting the long first interest period.
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Interest Payment Dates:
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Each September 13, December 13, March 13, and June 13, beginning September 13, 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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$1000 and $1000 increments thereafter
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Agent:
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Toyota Financial Services Securities USA Corporation
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