FWP 1 dp21216_fwp.htm FORM FWP
 
Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-157642
Dated February 14, 2011
 
 
Final Terms for Issuance    
     
Issuer:
  
Toyota Motor Credit Corporation
     
Security:
  
Floating Rate Medium Term Notes, Series B
     
Issuer Senior Long-Term Debt Ratings:
  
Aa2 (negative outlook) / AA (negative outlook)
     
Cusip:
  
89233P4Y9
     
Pricing Date:
  
February 14, 2011
     
Settlement Date:
  
February 17, 2011
     
Maturity Date:
  
February 17, 2016
     
Principal Amount:
  
$20,000,000 (may be increased prior to the Settlement Date)
     
Re-offer Price:
  
100.00%
     
Gross Underwriting Spread:   0.15%
     
All-in Price to Issuer:
  
99.85%
     
Net Proceeds to Issuer:
  
$19,970,000
     
Floating Rate Index:
  
3 Month LIBOR
     
Floating Rate Spread:
  
+ 45 basis points
     
Index Source:
  
LIBOR Reuters
     
Interest Payment Frequency:   Quarterly
     
Initial Interest Payment Date:   May 17, 2011
     
Initial Interest Rate:
  
3 Month LIBOR determined on February 15, 2011 + 45 basis points, accruing from February 17, 2011
     
Interest Payment Dates:
  
On the 17th of each May, August, November, February and on the Maturity Date
 
 
 
 
 
 

     
Interest Reset Dates:
  
The same dates as each Interest Payment Date. For the avoidance of doubt, 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
     
Agent:
  
Citigroup Global Markets Inc.
     
DTC Number:
  
#274
 
 
Capitalized terms used herein but not otherwise defined shall have the meanings assigned to them in the prospectus dated March 2, 2009 and prospectus supplement thereto dated March 10, 2009 relating to these notes.
 
The issuer has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (SEC) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the web at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-877-858-5407.
 
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