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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 4/09/24 Toyota Motor Credit Corp. FWP 1:12K Toyota Motor Credit Corp. Davis Polk & … LLP 01/FA |
Document/Exhibit Description Pages Size 1: FWP Prospectus - Free Writing HTML 11K
Filed Pursuant to Rule 433
Registration No. 333-276616
Term Sheet
April 9, 2024
| Issuer: | Toyota Motor Credit Corporation |
| Security: | Floating Rate Medium-Term Notes, Series B |
| 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: | 89236TMB8 |
| Trade Date: | April 9, 2024 |
| Original Issue Date: | April 12, 2024 (T+3) |
| Stated Maturity Date: | April 14, 2025 |
| Principal Amount: | $1,900,000,000 (may be increased prior to the Original Issue Date) |
| Price to Public: | 100.000% |
| Commission: |
0.030% in the case of Mizuho Securities USA LLC 0.150% in the case of Toyota Financial Services Securities USA Corporation |
| Net Proceeds to Issuer: |
99.970% / $949,715,000 in the case of Mizuho Securities USA LLC 99.850% / $948,575,000 in the case of Toyota Financial Services Securities USA Corporation |
| Interest Rate Basis: | SOFR |
| Spread: | +35 basis points |
| Minimum Interest Rate: | 0.000% |
| Interest Payment Frequency: | Monthly |
| Initial Interest Rate: | The initial interest rate will be based on SOFR determined as of April 10, 2024, plus the Spread. |
| Interest Payment Dates: | Each January 14, February 14, March 14, April 14, May 14, June 14, July 14, August 14, September 14, October 14, November 14 and December 14, beginning on May 14, 2024, and ending on the Stated Maturity Date (long first coupon). |
| Interest Reset Dates: | Each U.S. Government Securities Business Day in the relevant Interest Payment Calculation Period. The first interest reset date shall be the Original Issue Date and thereafter, each U.S. Government Securities Business Day. |
|
Interest Determination Date: Interest Payment Calculation Period:
|
The second U.S. Government Securities Business Day preceding the relevant Interest Reset Date. The period from and including one Interest Payment Date to but excluding the immediately following Interest Payment Date, provided that the first Interest Payment Calculation Period shall be from and including the Original Issue Date to but excluding the first Interest Payment Date. |
| Day Count Convention: | Actual/360 |
| Business Day Convention: | Modified Following, adjusted |
| Business Days: | New York and U.S. Government Securities Business Day |
| Governing Law: | New York |
| Calculation Agent: | Deutsche Bank Trust Company Americas |
| Minimum Denominations: | $1,000 and $1,000 increments thereafter |
| Agents/DTC Numbers: |
Mizuho Securities USA LLC/#2396 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 22, 2024 and the related prospectus dated January 19, 2024; 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 Mizuho Securities USA LLC toll-free at 1-866-271-7403 or Toyota Financial Services Securities USA Corporation toll-free at 1-800-292-1147.
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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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| This ‘FWP’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| 4/14/25 | ||||
| 5/14/24 | ||||
| 4/12/24 | ||||
| 4/10/24 | ||||
| Filed on: | 4/9/24 | |||
| 1/22/24 | 424B2, 8-K | |||
| 1/19/24 | 424B2, 424B3, 8-K, FWP, S-3ASR | |||
| List all Filings | ||||