Filed Pursuant
to Rule 433
Registration No. 333-222676
Term Sheet
September 10, 2019
| Issuer: | Toyota Motor Credit Corporation |
| Security: | Floating Rate Medium Term Notes, Series B |
| Issuer Senior Long-Term Debt Ratings: |
Aa3 (stable outlook) / AA- (stable outlook) |
| CUSIP: | 89236TGF6 |
| Pricing Date: | September 10, 2019 |
| Settlement Date: | September 12, 2019 (T+2) |
| Maturity Date: | March 12, 2021 |
| Principal Amount: | $300,000,000 (may be increased prior to the Settlement Date) |
| Price to Public: | 100.000% |
| Commission: |
0.045% 0.175% in the case of Toyota Financial Services Securities USA Corporation |
| Net Proceeds to Issuer: |
99.955% / $289,869,500 99.825% / $9,982,500 in the case of Toyota Financial Services Securities USA Corporation |
| Floating Rate Index: | 3 Month LIBOR |
| Floating Rate Spread: | +20 basis points |
| Index Source: | LIBOR Reuters |
| Minimum Interest Rate: | 0.000% |
| Interest Payment Frequency: | Quarterly |
| Initial Interest Rate: | The initial interest rate will be based on 3 month LIBOR determined on September 10, 2019 plus the Floating Rate Spread. |
| Interest Payment Dates: | Each March 12, June 12, September 12 and December 12, beginning on December 12, 2019 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 |
| Governing Law: | New York |
| Calculation Agent: | Deutsche Bank Trust Company Americas |
| Minimum Denominations: | $1,000 and $1,000 increments thereafter |
| Agents/DTC Numbers: |
RBC Capital Markets, LLC/#235 Toyota Financial Services Securities USA Corporation/#0443 |
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, 2018 and the related prospectus dated January 24, 2018; 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 RBC Capital Markets, LLC toll-free at 1-866-375-6829 or Toyota Financial Services Securities USA Corporation toll-free at 1-800-292-1147.
Notification under Section 309B(1)(c) of the Securities and Futures Act (Chapter 289) of Singapore (“SFA”) - The notes are prescribed capital markets products (as defined in the Securities and Futures (Capital Markets Products) Regulations 2018) and Excluded Investment Products (as defined in MAS Notice SFA 04-N12: Notice on the Sale of Investment Products and MAS Notice FAA-N16: Notice on Recommendations on Investment Products).
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.
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