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 March 12, 2020
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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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89236TCG8/US89236TCG85
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Pricing Date:
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March 9, 2015
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Settlement Date:
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March 12, 2015
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Maturity Date:
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March 12, 2020
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Principal Amount:
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$500,000,000
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Price to Public:
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100.000%
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Commission:
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0.350%
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Net Proceeds to Issuer:
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99.650% / $498,250,000
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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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+ 37 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 March 10, 2015 plus the Floating Rate Spread
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Interest Payment Dates:
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Each March 12, June 12, September 12 and December 12, beginning on June 12, 2015 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.
Citigroup Global Markets Inc.
J.P. Morgan Securities LLC
RBC Capital Markets, LLC
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Co-Managers:
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Mitsubishi UFJ Securities (USA), Inc.
Samuel A. Ramirez & Company, Inc.
Santander Investment Securities Inc.
TD Securities (USA) LLC
Telsey Advisory Group LLC
U.S. Bancorp Investments, Inc.
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DTC Number:
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#274
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