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 (stable outlook) / AA- (stable outlook)
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CUSIP:
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89236TAR6
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Pricing Date:
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July 9, 2013
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Settlement Date:
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July 12, 2013
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Maturity Date:
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January 15, 2015
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Principal Amount:
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$300,000,000 (may be 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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0.045%
0.175% in the case of Toyota Financial Services Securities USA Corporation
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Net Proceeds to Issuer:
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99.955% / $239,892,000
99.825% / $59,895,000 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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+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 3 month LIBOR determined on July 10, 2013 plus the Floating Rate Spread
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Interest Payment Dates:
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Each October 15, January 15, April 15 and July 15, beginning October 15, 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 Numbers:
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HSBC Securities (USA) Inc./# 2467
Loop Capital Markets LLC/#443
Merrill Lynch, Pierce, Fenner & Smith Incorporated/#773
RBC Capital Markets, LLC/#235
Toyota Financial Services Securities USA Corporation
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