CALCULATION OF REGISTRATION FEE
Title of Each Class of Securities to be Registered
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Maximum Aggregate Offering Price
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Amount of Registration Fee
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Medium-Term Notes, Series B
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–
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$500,000,000
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$35,650(1)
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Debt Securities
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–
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$30,000,000,000
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$4,092,000(2)
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(1)
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On December 8, 2010, the registrant paid $2,089,090 in registration fees in respect of future offerings of debt securities with a maximum aggregate offering price of $29,300,000,000. The registration fees for the Medium Term Notes, Series B referred to in the table above form part of, and shall be deducted from, the $2,089,090 previously paid.
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(2)
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Calculated in accordance with Rules 457(o) and 457(r) under the Securities Act of 1933. The registrant has instructed its bank to wire transfer $4,092,000 in additional registration fees to the Commission’s account in respect of future offerings of additional debt securities with a maximum aggregate offering price of $30,000,000,000.
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Rule 424(b)(2)
Registration No. 333-179826
Pricing Supplement dated July 9, 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: 89236TAP0
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: July 9, 2013
Original Issue Date: July 12, 2013
Stated Maturity Date: July 14, 2014
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Initial Interest Rate: The initial interest rate will be based on three month LIBOR determined on July 10, 2013 plus the Floating Rate Spread.
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Interest Payment Dates: Each October 14, January 14, April 14, and July 14, beginning October 14, 2013
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Net Proceeds to Issuer: $499,250,000
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Agent: Toyota Financial Services Securities USA Corporation (“TFSS USA”)
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Agent’s Discount or Commission: 0.15%
Agent’s Capacity:
[X] Agent
[ ] 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 (+/-): +0.00%
Spread Multiplier: N/A
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
Initial Interest Reset Date: July 12, 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, adjusted
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
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Minimum Denomination/Minimum Incremental Denomination: $1,000 and $1,000 increments thereafter
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If a Reopening Note, check [ ], and specify:
Initial Interest Accrual Date: