Free Writing Prospectus

Filed Pursuant to Rule 433

Dated April 7, 2022

Registration Statement Nos. 333-259868 and 333-259868-02

*Pricing Details* $1,239mm+ Toyota (TAOT) 2022-B Prime Auto ABS

Joint Lead Bookrunners: MUFG (Str), Barclays, RBC and Santander

Co-Managers: Commerz Bank, HSBC and Scotia Bank

Total Offered

Cls

Amt ($mm)

WAL*

M/S**

P. Win

E.Fnl

L.Fnl

Bench

Spread

Yld (%)

Cpn (%)

Price ($)

353.000

0.23

N/A

1-6

10/22

04/23

N/A

A2A

372.600

353.970

1.00

Aaa/AAA

6-19

11/23

01/25

I-CRV

+61

2.366

2.35

99.99564

A2B

200.650

190.610

1.00

Aaa/AAA

6-19

11/23

01/25

SOFR

+49

SOFR+49

100.00000

573.250

544.580

2.30

Aaa/AAA

19-39

07/25

09/26

I-CRV

+43

2.949

2.93

99.99766

158.000

150.100

3.61

Aaa/AAA

39-47

03/26

08/27

I-CRV

+48

3.137

3.11

99.97713

42.500

3.92

N/A

47-47

03/26

11/28

N/A

* Pricing Speed: 1.3 ABS to 5% Clean-Up Call

** Expected Ratings

- Transaction Details -

Initial Deal Size : $997mm+ ($947mm+ offered)

Upsized Deal Size : $1,304mm+ ($1,239mm+ offered)

Settlement : 04/13/2022

First Pay : 05/16/2022

Min Denoms : $1k x $1k

Registration on Offered Bonds : SEC Registered

Expected Ratings : Moody's/S&P

ERISA Eligible : Yes

Risk Retention : US - Yes, EU - No

B&D : MUFG

Ticker : TAOT 2022-B

- Marketing Materials -

Prelim Offering Memorandum and Intex/CDI (attached)

Intex Deal Name: mittaot_2022-b and password: KKUV

Investor Roadshow Presentation

URL: http://dealroadshow.com

Entry Code (Case Sensitive): TAOT2022B

Direct Link: https://dealroadshow.com/e/TAOT2022B

- CUSIPs -

A2A 89238FAB9

A2B 89238FAC7

A3 89238FAD5

A4 89238FAE3

THE ISSUER HAS FILED A REGISTRATION STATEMENT (INCLUDING A PROSPECTUS) WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION (SEC) FOR THIS OFFERING. BEFORE YOU INVEST, YOU SHOULD READ THE PROSPECTUS FOR THIS OFFERING 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 SEARCHING THE SEC ONLINE DATABASE (EDGAR^®) 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 1-877-649-6848.