Obbligazione Toyoda Motor Finance 2.25% ( US89236TEH41 ) in USD

Emittente Toyoda Motor Finance
Prezzo di mercato 100 USD  ⇌ 
Paese  Stati Uniti
Codice isin  US89236TEH41 ( in USD )
Tasso d'interesse 2.25% per anno ( pagato 2 volte l'anno)
Scadenza 07/06/2021 - Obbligazione č scaduto



Prospetto opuscolo dell'obbligazione Toyota Motor Credit US89236TEH41 in USD 2.25%, scaduta


Importo minimo 1 000 USD
Importo totale 25 000 000 USD
Cusip 89236TEH4
Standard & Poor's ( S&P ) rating N/A
Moody's rating N/A
Descrizione dettagliata Toyota Motor Credit Corporation č una societā finanziaria statunitense di proprietā di Toyota Motor Corporation, che offre finanziamenti per l'acquisto di veicoli Toyota e Lexus.

The Obbligazione issued by Toyoda Motor Finance ( United States ) , in USD, with the ISIN code US89236TEH41, pays a coupon of 2.25% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 07/06/2021







424B2 1 dp83649_424b2-mtn1143.htm FORM 424B2

CALCULATION OF REGISTRATION FEE

Title of each class of
Proposed maximum
Amount of
securities offered
aggregate offering price
registration fee
Medium Term Notes, Series B ­ Fixed Rate Callable Notes due June 7, 2021
$25,000,000
$3,112.50

Pricing Supplement dated December 1, 2017
Rule 424(b)(2)
(To Prospectus dated February 25, 2015 and Prospectus Supplement dated February 26,
Registration No. 333-202281
2015)

TOYOTA MOTOR CREDIT CORPORATION
Medium-Term Notes, Series B ­ Fixed Rate Callable Notes

Capitalized terms used in this Pricing Supplement that are defined in the accompanying Prospectus Supplement shall have the meanings assigned
to them in the accompanying Prospectus Supplement.

CUSIP: 89236TEH4

Principal Amount (in Specified Currency): $25,000,000. TMCC may increase the Principal Amount prior to the Original Issue Date but is not
required to do so.
Issue Price: 100.00%
Trade Date: December 1, 2017
Original Issue Date: December 7, 201
Stated Maturity Date: June 7, 2021

Interest Rate:

2.25% per annum from and including the Original Issue Date to but excluding the earlier of (i) the redemption of the Notes and (ii) the
Stated Maturity Date.

Interest Payment Dates: Semi-annually, on each June 7 and December 7, commencing on June 7, 2018 and ending on the earlier of (i) the
redemption of the Notes and (ii) the Stated Maturity Date.

Net Proceeds to Issuer: 99.70% of Principal Amount

Agent's Discount or Commission: 0.30% of Principal Amount. The Agent or its affiliates will enter into swap transactions with TMCC to hedge
TMCC's obligations under the Notes. The Agent and its affiliates expect to realize a profit in connection with these swap transactions. See
"Use of Proceeds and Hedging" below.
Agent: Barclays Capital Inc.
Agent's Capacity: Principal

Day Count Convention: 30/360
Business Day Convention: Following, unadjusted

Redemption: The Notes are subject to redemption by TMCC, in whole but not in part, at a price equal to 100% of the principal amount per Note
plus accrued and unpaid interest thereon, on the Redemption Date and subject to the Notice of Redemption stated below.
Redemption Date: December 7, 2020. If the Redemption Date falls on a day that is not a Business Day, the redemption price plus accrued and
unpaid interest will be paid on the next succeeding Business Day as if paid on the date the payment was due, and no interest will accrue on the
amount payable for the period from and after the Redemption Date.
Notice of Redemption: The redemption of the Notes is subject to not less than 10 Business Days prior written notice.

Repayment: N/A
Optional Repayment Date(s):
Repayment Price:
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Original Issue Discount: N/A

Specified Currency: U.S. dollars
Minimum Denominations: $1,000 and $1,000 increments thereafter
Form of Note: Book-entry only



RISK FACTORS

Investing in the Notes involves a number of risks. See the risks described in "Risk Factors" beginning on page S-2 of the accompanying
Prospectus Supplement and those set forth below. Accordingly, prospective investors should consult their financial and legal advisors as to the
risks entailed by an investment in the Notes and the suitability of the Notes in light of their particular circumstances.

Early Redemption Risk. The Issuer retains the option to redeem the Notes, in whole but not in part, on the Redemption Date. It is more likely that
the Issuer will redeem the Notes in whole prior to their Maturity Date to the extent that the interest payable on the Notes is greater than the interest
that would be payable on other instruments of the Issuer of comparable maturity, terms and credit rating trading in the market. If the Notes are
redeemed, in whole but not in part, prior to their Maturity Date, you will receive no further interest payments from the Notes redeemed and may
have to re-invest the proceeds in a lower rate environment.

Inclusion Of Projected Profit From Hedging Is Likely To Adversely Affect Secondary Market Prices. Assuming no change in market
conditions or any other relevant factors, the price, if any, at which the Agent is willing to purchase the Notes in secondary market transactions will
likely be lower than the Issue Price, because the Issue Price included, and secondary market prices are likely to exclude, the projected profit
included in the cost of hedging the obligations under the Notes. In addition, any such prices may differ from values determined by pricing models
used by the Agent, as a result of dealer discounts, mark-ups or other transaction costs.

UNITED STATES FEDERAL TAXATION

As discussed in the section of the accompanying Prospectus Supplement entitled "United States Federal Taxation--FATCA Legislation,"
withholding under legislation commonly referred to as "FATCA" (if applicable) will generally apply to amounts treated as interest paid with
respect to the Notes and to the payment of gross proceeds of a disposition (including a retirement) of the Notes. However, under an Internal
Revenue Service notice, withholding under "FATCA" will apply to payments of gross proceeds (other than amounts treated as interest) only with
respect to dispositions after December 31, 2018. You should consult your tax adviser regarding the potential application of "FATCA" to the Notes.

For other U.S. federal income tax consequences of owning and disposing of the Notes, please see the section of the accompanying
Prospectus Supplement entitled "United States Federal Taxation."

USE OF PROCEEDS AND HEDGING

The net proceeds from the sale of the Notes will be used as described under "Use of Proceeds" in the accompanying Prospectus
Supplement.

To provide a hedge to TMCC, an affiliate of Barclays Capital Inc. will enter into a swap agreement with TMCC. Under the swap
agreement, TMCC will make floating rate payments linked to the London interbank offered rate in respect of a notional principal amount equal to
the aggregate principal amount of the Notes during the term of the Notes in exchange for receiving payments equal to interest due in respect of the
Notes from the affiliate of Barclays Capital Inc.

CLEARANCE AND SETTLEMENT

The Issuer expects that delivery of the Notes will be made against payment therefor on the Original Issue Date. Under Rule 15c6-1 of the
Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in two Business Days, unless the
parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes more than two Business Days prior to
the Original

PS-2

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Issue Date will be required to specify alternative settlement arrangements to prevent a failed settlement and should consult their own investment
advisor.

LEGAL MATTERS

In the opinion of the General Counsel of TMCC, when the Notes offered by this Pricing Supplement and the accompanying Prospectus
Supplement have been executed and issued by TMCC and authenticated by the trustee pursuant to the Indenture, dated as of August 1, 1991,
between TMCC and The Bank of New York Mellon Trust Company, N.A. ("BONY"), as trustee, as amended and supplemented by the First
Supplemental Indenture, dated as of October 1, 1991, among TMCC, BONY and Deutsche Bank Trust Company Americas ("DBTCA"), formerly
known as Bankers Trust Company, as trustee, the Second Supplemental Indenture, dated as of March 31, 2004, among TMCC, BONY and
DBTCA, and the Third Supplemental Indenture, dated as of March 8, 2011, among TMCC, BONY and DBTCA (collectively, and as the same may
be further amended, restated or supplemented, the "Indenture"), and delivered against payment as contemplated herein, such Notes will be legally
valid and binding obligations of TMCC, enforceable against TMCC in accordance with their terms, except as may be limited by bankruptcy,
insolvency, reorganization, moratorium or similar laws relating to or affecting creditors' rights generally (including, without limitation, fraudulent
conveyance laws), and by general principles of equity including, without limitation, concepts of materiality, reasonableness, good faith and fair
dealing and the possible unavailability of specific performance or injunctive relief, regardless of whether considered in a proceeding at law or in
equity. This opinion is given as of the date hereof and is limited to the present laws of the State of California and the State of New York. In
addition, this opinion is subject to customary assumptions about the trustee's authorization, execution and delivery of the Indenture and its
authentication of the Notes and the enforceability of the Indenture with respect to the trustee and other matters, all as stated in the letter of such
counsel dated February 25, 2015 and filed as Exhibit 5.1 to TMCC's Registration Statement on Form S-3 (File No. 333-202281) filed with the
Securities and Exchange Commission on February 25, 2015.

PS-3
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