0000902595-13-000021.txt : 20130312 0000902595-13-000021.hdr.sgml : 20130312 20130312171444 ACCESSION NUMBER: 0000902595-13-000021 CONFORMED SUBMISSION TYPE: 424B2 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130312 DATE AS OF CHANGE: 20130312 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TOYOTA MOTOR CREDIT CORP CENTRAL INDEX KEY: 0000834071 STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141] IRS NUMBER: 953775816 STATE OF INCORPORATION: CA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 424B2 SEC ACT: 1933 Act SEC FILE NUMBER: 333-179826 FILM NUMBER: 13685061 BUSINESS ADDRESS: STREET 1: 19001 S. WESTERN AVENUE CITY: TORRANCE STATE: CA ZIP: 90509 BUSINESS PHONE: (310) 468-1310 MAIL ADDRESS: STREET 1: 19001 S. WESTERN AVENUE CITY: TORRANCE STATE: CA ZIP: 90509 424B2 1 tmcc-mtn1042pricingsup.htm TMCC-MTN1042 PRICING SUPPLEMENT - MARCH 12, 2013 tmcc-mtn1042pricingsup.htm
Rule 424(b)(2)
Registration No. 333-179826

Pricing Supplement dated March 12, 2013
(To Prospectus dated March 1, 2012
and Prospectus Supplement dated March 2, 2012)

TOYOTA MOTOR CREDIT CORPORATION
Medium-Term Notes, Series B - Floating Rate

Capitalized terms used in this Pricing Supplement that are defined in the
Prospectus Supplement shall have the meanings assigned to them in the
Prospectus Supplement.

CUSIP: 89236TAD7

Principal Amount (in Specified Currency): $500,000,000.  TMCC may increase
the Principal Amount prior to the Original Issue Date but is not required to
do so.
Issue Price: 100%
Initial Trade Date: March 11, 2013
Original Issue Date: March 13, 2013
Stated Maturity Date: March 10, 2015

Initial Interest Rate: The initial interest rate will be based on three month LIBOR
determined on March 11, 2013 plus the Floating Rate Spread.
Interest Payment Dates: Each June 10, September 10, December 10 and March 10,
beginning June 10, 2013.

Net Proceeds to Issuer: $499,700,000
Agents:
Citigroup Global Markets Inc. (“Citigroup”)
HSBC Securities (USA) Inc. (“HSBC”)
Agents’ Discount or Commission: 0.06%
Agents’ Capacity:
    [  ] Agent
    [X] Principal

Calculation Agent: Deutsche Bank Trust Company Americas

Interest Calculation:
[X] Regular Floating Rate Note
[  ] Inverse Floating Rate Note:
Fixed Interest Rate:
[  ] Floating Rate/Fixed Rate Note:
Fixed Interest Rate:
Fixed Rate Commencement Date:
[  ] Other Floating Rate Note
(See attached Addendum)

Interest Rate Basis:
[  ] CD Rate
[  ] CMS Rate
[  ] CMT Rate
[  ] Commercial Paper Rate
[  ] Eleventh District Cost of Funds Rate
[  ] Federal Funds Rate
[  ] Federal Funds Open Rate
[X] LIBOR
[  ] Prime Rate
[  ] Treasury Rate
[  ] Other (see attached Addendum)

If CMS:
Designated CMS Maturity Index:

If CMT:
Designated CMT Maturity Index:

Designated CMT Reuters Page:
[  ] T7051
[  ] T7052

If LIBOR:
Designated LIBOR Page: Reuters
Index Currency: U.S. dollars

If CD Rate or LIBOR
Index Maturity: 3 month

Floating Rate Spread (+/-): +0.15%
Spread Multiplier: N/A
 
 
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A

Initial Interest Reset Date: March 13, 2013
Interest Reset Dates: Each Interest Payment Date
Interest Rate Reset Period: Quarterly
Interest Rate Reset Cutoff Date: N/A
Interest Determination Date: The second London Banking Day preceding each Interest Reset Date

Day Count Convention:
[  ] 30/360
[X] Actual/360
[  ] Actual/Actual

Business Day Convention
[  ] Following
[X] Modified Following

Business Days: New York and London

Redemption:  Not Applicable
Redemption Date(s):
Notice of Redemption:

Repayment:  Not Applicable
Optional Repayment Date(s):
Repayment Price:

Original Issue Discount:  Not Applicable
Total Amount of Original Issue Discount:
Yield to Maturity:
Initial Accrual Period:

Specified Currency:  U.S. dollars
Minimum Denomination/Minimum Incremental Denomination: $1,000 and $1,000 increments thereafter
 
If a Reopening Note, check [   ], and specify:
Initial Interest Accrual Date:

 
 
 

ADDITIONAL TERMS OF THE NOTES

Plan of Distribution

Under the terms and subject to the conditions of the Fifth Amended and Restated Distribution Agreement (the “Distribution Agreement”) dated March 2, 2012, between Toyota Motor Credit Corporation (“TMCC”) and Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., Citigroup, Deutsche Bank Securities Inc., HSBC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Toyota Financial Services Securities USA Corporation and UBS Securities LLC, Citigroup, acting as principal, has agreed to purchase and TMCC has agreed to sell to Citigroup $250,000,000 principal amount of the Notes (the “Citigroup Notes”) at 99.94% of such principal amount, reflecting a discount or commission from the Issue Price equal to 0.06% of such principal amount.

Under the terms and subject to the conditions of the Distribution Agreement, HSBC, acting as principal, has agreed to purchase and TMCC has agreed to sell to HSBC $250,000,000 principal amount of the Notes (the “HSBC Notes”) at 99.94% of such principal amount, reflecting a discount or commission from the Issue Price equal to 0.06% of such principal amount.

Under the terms and subject to the conditions of the Distribution Agreement, the obligations of Citigroup and HSBC to purchase the Citigroup Notes and the HSBC Notes, respectively, are several and not joint, and in the event of a default by either of Citigroup or HSBC, TMCC will issue the Notes to the other dealer only and the size of the offering will be correspondingly reduced. Under the terms and conditions of the Distribution Agreement, each of Citigroup and HSBC is committed to take and pay for its own full allocation of the Notes offered hereby if any of such allocation is taken.