Filed Pursuant to Rule 433
Registration No. 333-202281

Term Sheet

January 4, 2017

Issuer:	Toyota Motor Credit Corporation
Security:	Fixed Rate Medium-Term Notes, Series B
Title:	1.700% Medium-Term Notes, Series B due January 9, 2019
Issuer Senior Long-Term Debt Ratings:	Moody’s Investors Service, Inc.: Aa3 (stable outlook)
	Standard & Poor’s Ratings Services: AA- (stable outlook)
CUSIP/ISIN:	89236TDM4 / US89236TDM45
Pricing Date:	January 4, 2017
Settlement Date:	January 9, 2017 (T+3)
Maturity Date:	January 9, 2019
Principal Amount:	$850,000,000
Benchmark Treasury:	UST 1.250% due December 31, 2018
Treasury Yield:	1.218%
Spread to Treasury:	+50 basis points
Price to Public:	99.965%
Commission:	0.150%
Net Proceeds to Issuer:	99.815% / $848,427,500
Coupon:	1.700% per annum
Yield:	1.718%
Interest Payment Frequency:	Semi-annual
Interest Payment Dates:	Each January 9 and July 9, beginning on July 9, 2017 and ending on the Maturity Date
Day Count Convention:	30/360
Business Day Convention:	Following, unadjusted
Business Days:	New York
Governing Law:	New York
Minimum Denominations:	$2,000 and $1,000 increments thereafter
Joint Book-Running Managers:	BNP Paribas Securities Corp. Citigroup Global Markets Inc. J.P. Morgan Securities LLC Mizuho Securities USA Inc. TD Securities (USA) LLC
Co-Managers:	Academy Securities, Inc. ANZ Securities, Inc. Credit Agricole Securities (USA) Inc. ING Financial Markets LLC nabSecurities, LLC Santander Investment Securities Inc. U.S. Bancorp Investments, Inc. The Williams Capital Group, L.P.
DTC Number:	#274
Concurrent Offering:	Concurrently with this offering of the Notes, the Issuer is also offering by means of a separate term sheet (i) $400,000,000 Floating Rate Medium-Term Notes, Series B due January 9, 2019, (ii) $1,200,000,000 2.600% Medium-Term Notes, Series B due January 11, 2022, (iii) $300,000,000 Floating Rate Medium-Term Notes, Series B due January 11, 2022 and (iv) $750,000,000 3.200% Medium-Term Notes, Series B due January 11, 2027 (collectively, the “Other Notes”).  This term sheet does not constitute an offer to sell, or the solicitation of an offer to buy, any of the Other Notes. Any offering of the Other Notes may be made only by means of a prospectus and related prospectus supplement.

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 February 26, 2015 and the related prospectus dated February 25, 2015; capitalized terms used in this term sheet, but otherwise not defined, shall have the meanings assigned to them in the related prospectus supplement and 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 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 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 BNP Paribas Securities Corp. toll-free at 1-800-854-5674, calling Citigroup Global Markets Inc. toll-free at 1-800-831-9146, calling J.P. Morgan Securities LLC collect at 1-212-834-4533, calling Mizuho Securities USA Inc. toll-free at 1-866-271-7403, or calling TD Securities (USA) LLC toll-free at 1-855-495-9846.

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