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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Title:
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Floating Rate Medium-Term Notes, Series B due January 17, 2019
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Issuer Senior Long-Term Debt Ratings:
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Moody’s Investors Service, Inc.: Aa3 (stable outlook)
Standard & Poor’s Ratings Services: AA- (stable outlook)
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CUSIP/ISIN:
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89236TBC8/US89236TBC80
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Pricing Date:
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January 14, 2014
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Settlement Date:
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January 17, 2014
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Maturity Date:
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January 17, 2019
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Principal Amount:
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$250,000,000
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Price to Public:
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100.000%
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Commission:
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0.35%
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Net Proceeds to Issuer:
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99.65% / $249,125,000
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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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+ 39 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 January 15, 2014 plus the Floating Rate Spread
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Interest Payment Dates:
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Each January 17th, April 17th , July 17th and October 17th, beginning on April 17th, 2014 and ending on the Maturity Date
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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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Calculation Agent:
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Deutsche Bank Trust Company Americas
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Governing Law:
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New York
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Minimum Denominations:
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$2,000 and $1,000 increments thereafter
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Joint Book-Running Managers:
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Barclays Capital Inc.
Deutsche Bank Securities Inc.
Merrill Lynch, Pierce, Fenner & Smith Incorporated
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Co-Managers:
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Guzman & Company
Mitsubishi UFJ Securities (USA), Inc.
Mizuho Securities USA Inc.
SMBC Nikko Securities America, Inc.
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DTC Number:
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573
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