0000950103-23-016291.txt : 20231116 0000950103-23-016291.hdr.sgml : 20231116 20231115184810 ACCESSION NUMBER: 0000950103-23-016291 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20231116 DATE AS OF CHANGE: 20231115 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: 231411960 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 dp202865_fwp-mtn1282.htm FORM FWP

Filed Pursuant to Rule 433
Registration No. 333-252342

Term Sheet

November 15, 2023

Issuer:	Toyota Motor Credit Corporation
Security:	Fixed Rate Medium-Term Notes, Series B
Title:	5.400% Medium-Term Notes, Series B due November 20, 2026
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:	89236TLD5 / US89236TLD53
Trade Date:	November 15, 2023
Original Issue Date:	November 20, 2023 (T+3)
Stated Maturity Date:	November 20, 2026
Principal Amount:	$900,000,000
Benchmark Treasury:	UST 4.625% due November 15, 2026
Treasury Yield:	4.683%
Spread to Treasury:	+75 basis points
Price to Public:	99.910%
Underwriting Discount:	0.225%
Net Proceeds to Issuer:	99.685% / $897,165,000
Coupon:	5.400% per annum
Yield:	5.433%
Interest Payment Frequency:	Semi-annual
Interest Payment Dates:	Each May 20 and November 20, beginning on May 20, 2024 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. J.P. Morgan Securities LLC MUFG Securities Americas Inc. RBC Capital Markets, LLC Santander US Capital Markets LLC
Co-Managers:	AmeriVet Securities, Inc. Banco Bradesco BBI S.A. BBVA Securities Inc. Fifth Third Securities, Inc. Intesa Sanpaolo IMI Securities Corp. Siebert Williams Shank & Co., LLC Standard Chartered Bank
DTC Number:	#630
Concurrent Offering:	Concurrently with this offering of the notes, the Issuer is also offering by means of a separate term sheet: $1,100,000,000 aggregate principal amount of 5.550% Medium-Term Notes, Series B due November 20, 2030 (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, J.P. Morgan Securities LLC collect at 1-212-834-4533, MUFG Securities Americas Inc. toll-free at 1-877-649-6848, RBC Capital Markets, LLC toll-free at 1-866-375-6829 and Santander US Capital Markets LLC toll-free at 1-855-403-3636.

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.