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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89233P6L5
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Pricing Date:
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July 19, 2012
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Settlement Date:
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July 24, 2012
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Maturity Date:
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July 19, 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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99.850% / $ 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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+8 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 3 month LIBOR determined on July 20, 2012 plus the Floating Rate Spread.
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Interest Payment Dates:
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Each October 19, January 19, April 19 and July 19, beginning October 19, 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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Agent:
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Toyota Financial Services Securities USA Corporation
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