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- (stable outlook)
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CUSIP:
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89236TAM7
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Pricing Date:
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June 5, 2013
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Settlement Date:
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June 10, 2013
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Maturity Date:
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June 11, 2014
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Principal Amount:
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$500,000,000 (includes the $350,000,000 Principal Amount referenced in the Free Writing Prospectus dated June 5, 2013 relating to the offering of the Issuer's Securities) (may be further increased prior to the 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%
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Net Proceeds to Issuer:
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99.97% /$499,850,000
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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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-1 basis point
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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 June 6, 2013 plus the Floating Rate Spread.
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Interest Payment Dates:
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Each September 11, December 11, March 11, and June 11, beginning September 11, 2013
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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, adjusted
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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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Merrill Lynch, Pierce, Fenner & Smith Incorporated/#773
RBC Capital Markets, LLC/#235
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