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Issuer:
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Toyota Motor Credit Corporation
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Security:
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Floating Rate Medium Term Notes, Series B
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Issuer Senior Long-Term Debt Ratings:
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Aa3 (stable outlook) / AA- (negative outlook)
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Cusip:
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89233P5P7
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Pricing Date:
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December 9, 2011
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Settlement Date :
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December 14, 2011
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Maturity Date:
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December 17, 2012
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Principal Amount:
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$465,000,000
(may be increased prior to the Settlement Date)
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Re-offer Price:
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100.00%
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Commission:
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0.15%
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All-in Price to Issuer:
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99.85%
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Net Proceeds to Issuer:
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$464,302,500
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Floating Rate Index:
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3 Month LIBOR
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Floating Rate Spread:
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+ 20 basis points
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Index Source:
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LIBOR Reuters
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Interest Payment Frequency:
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Quarterly
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Initial Interest Payment Date:
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March 17, 2012
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Initial Interest Rate:
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3 Month LIBOR determined on December 12, 2011 plus 20 basis points, accruing from December 14, 2011 (long first coupon interpolated between 3 mo and 4 mo LIBOR)
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Interest Payment Dates:
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On the 17th of each March, June, September and on the Maturity Date
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Interest Reset Dates:
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The same dates as each Interest Payment Date. For the avoidance of doubt, newly reset interest rates shall apply beginning on and including the Interest Reset Date, to but excluding the next Interest Payment Date
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Interest Determination Date:
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Second London Banking Day preceding each Interest Reset Date
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Day Count Convention:
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Actual/360
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Business Day Convention:
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Modified Following, adjusted
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Business Days:
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New York and London
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Governing Law:
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New York
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Calculation Agent:
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Deutsche Bank Trust Company Americas
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Minimum Denominations:
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$1,000 and $1,000 increments thereafter
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Agent:
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Toyota Financial Services Securities USA Corporation
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