Filed Pursuant
to Rule 433
Registration No. 333-202281
Term Sheet
February 16, 2016
Issuer: | Toyota Motor Credit Corporation |
Security: | Floating Rate Medium-Term Notes, Series B |
Title: | Floating Rate Medium-Term Notes, Series B due February 19, 2019 |
Issuer Senior Long-Term Debt Ratings: |
Moody’s Investors Service, Inc.: Aa3 (stable outlook) Standard & Poor’s Ratings Services: AA- (stable outlook) |
CUSIP/ISIN: | 89236TCV5 / US89236TCV52 |
Pricing Date: | February 16, 2016 |
Settlement Date: | February 19, 2016 (T+3) |
Maturity Date: | February 19, 2019 |
Principal Amount: | $500,000,000 |
Price to Public: | 100.000% |
Commission: | 0.225% |
Net Proceeds to Issuer: | 99.775% / $498,875,000 |
Floating Rate Index: | 3 month LIBOR |
Floating Rate Spread: | +82 basis points |
Index Source: | LIBOR Reuters |
Interest Payment Frequency: | Quarterly |
Initial Interest Rate: | The initial interest rate will be based on 3 month LIBOR determined on February 17, 2016 plus the Floating Rate Spread. |
Interest Payment Dates: | Each February 19, May 19, August 19 and November 19, beginning on May 19, 2016, 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 |
Calculation Agent: | Deutsche Bank Trust Company Americas |
Governing Law: | New York |
Minimum Denominations: | $2,000 and $1,000 increments thereafter |
Joint Book-Running Managers:
|
Citigroup Global Markets Inc. Credit Agricole Securities (USA) Inc. Mizuho Securities USA Inc. RBC Capital Markets, LLC |
Co-Managers: |
ANZ Securities, Inc. CastleOak Securities, L.P. Commerz Markets LLC CV Brokerage Inc. Lloyds Securities Inc. nabSecurities, LLC UniCredit Capital Markets LLC U.S. Bancorp Investments, Inc. |
DTC Number: | #274 |
A securities rating is not a recommendation to buy, sell or hold securities and may be subject to withdrawal at any time.
This term sheet supplements the prospectus supplement dated February 26, 2015 and the related prospectus dated February 25, 2015; capitalized terms used in this term sheet, but otherwise not defined, shall have the meanings assigned to them in the related prospectus supplement and prospectus.
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 Citigroup Global Markets Inc. toll-free at 1-800-831-9146, calling Credit Agricole Securities (USA) Inc. toll-free at 1-866-807-6030, calling Mizuho Securities USA Inc. toll-free at 1-866-271-7403, or calling RBC Capital Markets, LLC toll-free at 1-866-375-6829.
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