Issuer:
|
Toyota Motor Credit Corporation
|
Security:
|
Floating Rate Medium Term Notes, Series B
|
Issuer Senior Long-Term
Debt Ratings: |
Aa3 (stable outlook) / AA- (stable outlook)
|
CUSIP:
|
89236TCK9
|
Pricing Date:
|
April 9, 2015
|
Settlement Date:
|
April 14, 2015
|
Maturity Date:
|
April 15, 2016
|
Principal Amount:
|
$1,400,000,000 (may be increased prior to the Settlement Date)
|
Price to Public:
|
100.000%
|
Commission:
|
0.030%
0.150% in the case of Toyota Financial Services Securities USA Corporation
|
Net Proceeds to Issuer:
|
99.970% / $924,722,500
99.850% / $474,287,500 in the case of Toyota Financial Services Securities USA Corporation
|
Floating Rate Index:
|
3 Month LIBOR
|
Floating Rate Spread:
|
+1 basis point
|
Index Source:
|
LIBOR Reuters
|
Interest Payment Frequency:
|
Quarterly
|
Initial Interest Rate:
|
The initial interest rate will be based on 3 month LIBOR determined on April 10, 2015 plus the Floating Rate Spread.
|
Interest Payment Dates:
|
Each January 15, April 15, July 15 and October 15, beginning on July 15, 2015 and ending on the Maturity Date
|
Interest Reset Dates:
|
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.
|
Interest Determination Date:
|
Second London Banking Day preceding each Interest Reset Date
|
Day Count Convention:
|
Actual/360
|
Business Day Convention:
|
Modified Following, adjusted
|
Business Days:
|
New York and London
|
Governing Law:
|
New York
|
Calculation Agent:
|
Deutsche Bank Trust Company Americas
|
Minimum Denominations:
|
$1,000 and $1,000 increments thereafter
|
Agents/DTC Numbers:
|
Merrill Lynch, Pierce, Fenner & Smith Incorporated/ #773
RBC Capital Markets, LLC/ #235
Loop Capital Markets LLC/ #0443
Toyota Financial Services Securities USA Corporation/ #0443
|