FWP 1 fwp.htm
Free Writing Prospectus
Filed Pursuant to Rule 433
Dated February 23, 2016
Registration Statement Nos. 333-205778 and 333-205778-01
 

$1.25bn  Toyota Auto Receivables 2016-a Owner Trust ($780.975mm offered notes)
Jt-leads         :       BofAML(struc), JPM, SMBC
Co-Mgrs     :       BNP, FT, SG


            
  Note Offer                
Class
Bal(mm)
Amt(mm)
M/S
WAL
EXP
LGL
Bench
Yld
Price
Cpn
A-2A
$179.50
$161.550
Aaa/AAA
1.00
8/17
7/16/18
EDSF+32
1.040
99.99225
1.03
A-2B
$179.50
$161.550
Aaa/AAA
1.00
8/17
7/16/18
1ML  +32
  
100.00000
  
A-3
$401.00
$360.900
Aaa/AAA
2.10
2/19
3/16/20
ISWP+44
1.256
99.99433
1.25
A-4
$107.75
$ 96.975
Aaa/AAA
3.33
10/19
9/15/21
ISWP+53
1.475
99.99837
1.47
                     

TICKER
:
TAOT 2016-A
REGISTRATION
:
SEC Registered
EXPECTED RATINGS
:
Moody's/S&P
PXG SPEED
:
1.3% ABS, 5% Call
EXPECTED SETTLE
:
3/02/16
FIRST PAY
:
4/15/16
BILL & DELIVER
:
BofAML
MIN DENOMS
:
$1k x $1k
ERISA ELIGIBLE
:
Yes
      
           
 
_____________________________________________________
The issuer has filed a registration statement (including a prospectus) with the 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 SEC Web site 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 toll-free 1-800-294-1322.  The securities may  not be suitable for all investors.  Merrill, Lynch, Pierce, Fenner & Smith Incorporated and its affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer.