0000950103-22-019326.txt : 20221108 0000950103-22-019326.hdr.sgml : 20221108 20221107183752 ACCESSION NUMBER: 0000950103-22-019326 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20221108 DATE AS OF CHANGE: 20221107 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TOYOTA MOTOR CREDIT CORP CENTRAL INDEX KEY: 0000834071 STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141] IRS NUMBER: 953775816 STATE OF INCORPORATION: CA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-252342 FILM NUMBER: 221366778 BUSINESS ADDRESS: STREET 1: 6565 HEADQUARTERS DRIVE, W2-3D CITY: PLANO STATE: TX ZIP: 75024 BUSINESS PHONE: (469) 486-9013 MAIL ADDRESS: STREET 1: 6565 HEADQUARTERS DRIVE, W2-3D CITY: PLANO STATE: TX ZIP: 75024 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TOYOTA MOTOR CREDIT CORP CENTRAL INDEX KEY: 0000834071 STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141] IRS NUMBER: 953775816 STATE OF INCORPORATION: CA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 6565 HEADQUARTERS DRIVE, W2-3D CITY: PLANO STATE: TX ZIP: 75024 BUSINESS PHONE: (469) 486-9013 MAIL ADDRESS: STREET 1: 6565 HEADQUARTERS DRIVE, W2-3D CITY: PLANO STATE: TX ZIP: 75024 FWP 1 dp184011_fwp-mtn1264.htm FORM FWP

Filed Pursuant to Rule 433

Registration No. 333-252342

Term Sheet

November 7, 2022

Issuer:	Toyota Motor Credit Corporation
Security:	Fixed Rate Medium-Term Notes, Series B
Title:	5.400% Medium-Term Notes, Series B due November 10, 2025
Issuer Senior Long-Term Debt Ratings:	Moody’s Investors Service, Inc.: A1 (stable outlook)
	S&P Global Ratings: A+ (stable outlook)
	Fitch Ratings: A+ (stable outlook)
CUSIP/ISIN:	89236TKK0 / US89236TKK06
Trade Date:	November 7, 2022
Original Issue Date:	November 10, 2022 (T+3)
Stated Maturity Date:	November 10, 2025
Principal Amount:	$650,000,000
Benchmark Treasury:	UST 4.250% due October 15, 2025
Treasury Yield:	4.643%
Spread to Treasury:	+80 basis points
Price to Public:	99.882%
Underwriting Discount:	0.225%
Net Proceeds to Issuer:	99.657% / $647,770,500
Coupon:	5.400% per annum
Yield:	5.443%
Interest Payment Frequency:	Semi-annual
Interest Payment Dates:	Each May 10 and November 10, beginning on May 10, 2023 and ending on the Stated Maturity Date
Day Count Convention:	30/360
Business Day Convention:	Following, unadjusted
Business Days:	New York
Governing Law: Minimum Denominations:	New York $2,000 and $1,000 increments thereafter
Joint Book-Running Managers:	BNP Paribas Securities Corp. Commerz Markets LLC Credit Agricole Securities (USA) Inc. J.P. Morgan Securities LLC RBC Capital Markets, LLC
Co-Managers:	Banco Bradesco BBI S.A. BBVA Securities Inc. CastleOak Securities, L.P. CIBC World Markets Corp. Drexel Hamilton, LLC Intesa Sanpaolo S.p.A. Scotia Capital (USA) Inc.
DTC Number:	#0235
Concurrent Offering:	Concurrently with this offering of the notes, the Issuer is also offering by means of a separate term sheet: $700,000,000 aggregate principal amount of 5.450% Medium-Term Notes, Series B due November 10, 2027 (the “Other Notes”). This term sheet does not constitute an offer to sell, or the solicitation of an offer to buy, any of the Other Notes. Any offering of the Other Notes may be made only by means of a prospectus and related prospectus supplement.

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 January 25, 2021 and the related prospectus dated January 22, 2021; capitalized terms used in this term sheet, but otherwise not defined, shall have the meanings assigned to them in the prospectus supplement and the related 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 supplement and the related prospectus 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 BNP Paribas Securities Corp. toll-free at 1-800-854-5674, Commerz Markets LLC toll-free at 1-800-233-9164, Credit Agricole Securities (USA) Inc. toll-free at 1-800-807-6030, J.P. Morgan Securities LLC collect at 1-212-834-4533 and RBC Capital Markets, LLC toll-free at 1-866-375-6829.

Additional Selling Restrictions

Japan

Each of the Joint Book-Running Managers and Co-Managers has severally agreed that it will not offer or sell any of the notes, directly or indirectly, in Japan or to, or for the benefit of, any resident of Japan (which term as used herein means any person resident in Japan, including any corporation or other entity organized under the laws of Japan and any branch or other office in Japan of a corporation or other entity organized under the laws of any foreign state), or to others for re-offering or resale, directly or indirectly, in Japan or to, or for the benefit of, a resident of Japan.

Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.