0000929638-23-002197.txt : 20230809 0000929638-23-002197.hdr.sgml : 20230809 20230808183148 ACCESSION NUMBER: 0000929638-23-002197 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20230809 DATE AS OF CHANGE: 20230808 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Toyota Auto Receivables 2023-C Owner Trust CENTRAL INDEX KEY: 0001984199 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-259868-07 FILM NUMBER: 231152886 BUSINESS ADDRESS: STREET 1: 6565 HEADQUARTERS DRIVE STREET 2: ATTENTION: SEC REPORTING CITY: PLANO STATE: TX ZIP: 75024 BUSINESS PHONE: 469-486-9013 MAIL ADDRESS: STREET 1: 6565 HEADQUARTERS DRIVE STREET 2: ATTENTION: SEC REPORTING CITY: PLANO STATE: TX ZIP: 75024 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TOYOTA AUTO FINANCE RECEIVABLES LLC CENTRAL INDEX KEY: 0001131131 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 334836519 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 6565 HEADQUARTERS DRIVE STREET 2: ATTENTION: SEC REPORTING CITY: PLANO STATE: TX ZIP: 75024 BUSINESS PHONE: 469-486-9013 MAIL ADDRESS: STREET 1: 6565 HEADQUARTERS DRIVE STREET 2: ATTENTION: SEC REPORTING CITY: PLANO STATE: TX ZIP: 75024 FWP 1 taot2023c_fwp.htm
Free Writing Prospectus
Filed Pursuant to Rule 433
Dated August 8, 2023
Registration Statement Nos. 333-259868 and 333-259868-07
*PRICING DETAILS* $1.6Bn (~$1.482Bn offered) Toyota Auto Receivables Owner Trust (TAOT) 2023-C
Joint Bookrunners: BNP Paribas (struc), BMO, Societe Generale and TD
Co Managers : ANZ, Scotia, UniCredit
-ANTICIPATED CAPITAL STRUCTURE-
CLS
TOTAL($mm)
OFFERED($mm)
WAL^
S/F
P.WIN
E.FINAL
L.FINAL
BENCH
SPREAD
YLD(%)
CPN(%)
PX
A-1
305.000
289.750
0.21
A-1+/F1+
01-05
01/24
08/24
I-CRV
+ 19
5.604
5.604
100.00000
A-2-A
405.026
384.774
1.03
AAA/AAA
05-20
04/25
08/26
I-CRV
+ 40
5.672
5.60
99.99389
A-2-B
189.474
180.000
1.03
AAA/AAA
05-20
04/25
08/26
SOFR30A
+ 40
    
100.00000
A-3
527.500
501.125
2.42
AAA/AAA
20-40
12/26
04/28
I-CRV
+ 62
5.226
5.16
99.97738
A-4
133.000
126.350
3.70
AAA/AAA
40-48
08/27
02/29
I-CRV
+ 76
5.070
5.01
99.97550
B
40.000
<< NOT OFFERED >>
                  
^ Pricing Speed: 1.3% ABS to 5% Call
--Transaction Details--
* Total Size : $1,600,000,000
* Offered Size : $1,481,999,000
* Ticker : TAOT 2023-C
* Expected Ratings: S&P/Fitch
* Format : SEC Registered
* Min. Denoms : $1k x $1k
* First Pay : 09/15/23
* Settlement Date : 08/15/23
* ERISA : Yes
* RR Compliance : US-Yes; EU-No; UK-No
* Bill & Deliver : BNP Paribas
* Expected Pxg : *Priced*

--Available Materials--
* Preliminary Prospectus, FWP, CDI: Attached
* Intexnet dealname: bptaot23c ; Password: YVA6

--TAOT 2023-C CUSIPs / ISINs--
Class A-1 : 89231F AA8 / US89231FAA84
Class A-2-A: 89231F AB6 / US89231FAB67
Class A-2-B: 89231F AC4 / US89231FAC41
Class A-3 : 89231F AD2 / US89231FAD24
Class A-4 : 89231F AE0 / US89231FAE07

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, BNP Paribas Securities Corp. can arrange to send you the prospectus if you request it by calling toll free at 1-800-854-5674