Toyota Motor Credit Corporation
09/03/2025 | Press release | Distributed by Public on 09/03/2025 04:05
Free Writing Prospectus (Form FWP)
Filed Pursuant to Rule 433
Registration No. 333-276616
Term Sheet
September 2, 2025
| Issuer: | Toyota Motor Credit Corporation |
| Security: | Fixed Rate Medium-Term Notes, Series B |
| Title: | 4.050% Medium-Term Notes, Series B due September 5, 2028 |
| Issuer Senior Long-Term Debt Ratings: | Moody's Investors Service, Inc.: A1 (stable outlook) |
| S&P Global Ratings: A+ (stable outlook) | |
| Fitch Ratings: A+ (stable outlook) | |
| CUSIP/ISIN: | 89236TNR2 / US89236TNR22 |
| Trade Date: | September 2, 2025 |
| Original Issue Date: | September 5, 2025 (T+3) |
| Stated Maturity Date: | September 5, 2028 |
| Principal Amount: | $800,000,000 |
| Benchmark Treasury: | UST 3.625% due August 15, 2028 |
| Treasury Yield: | 3.624% |
| Spread to Treasury: | +47 basis points |
| Price to Public: | 99.877% |
| Underwriting Discount: | 0.225% |
| Net Proceeds to Issuer: | 99.652% / $797,216,000 |
| Coupon: | 4.050% per annum |
| Yield: | 4.094% |
| Interest Payment Frequency: | Semi-annual |
| Interest Payment Dates: | Each March 5 and September 5, beginning on March 5, 2026 and ending on the Stated 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: |
Citigroup Global Markets Inc. ING Financial Markets LLC Morgan Stanley & Co. LLC MUFG Securities Americas Inc. SMBC Nikko Securities America, Inc. |
| Co-Managers: |
ANZ Securities, Inc. Commerz Markets LLC UniCredit Capital Markets LLC BNY Mellon Capital Markets, LLC Intesa Sanpaolo IMI Securities Corp. C.L. King & Associates, Inc. Samuel A. Ramirez & Company, Inc. |
| DTC Number: | #076 |
| Concurrent Offering: | Concurrently with this offering of the notes, the Issuer is also offering by means of separate term sheets: (i) $500,000,000 aggregate principal amount of Floating Rate Medium-Term Notes, Series B due September 5, 2028 and (ii) $700,000,000 aggregate principal amount of 4.650% Medium-Term Notes, Series B due September 3, 2032 (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 January 22, 2024 and the related prospectus dated January 19, 2024; capitalized terms used in this term sheet, but otherwise not defined, shall have the meanings assigned to them in the prospectus supplement and the related 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 supplement and the related prospectus 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 Citigroup Global Markets Inc. toll-free at 1-800-831-9146, ING Financial Markets LLC toll-free at 1-877-446-4930, Morgan Stanley & Co. LLC toll-free at 1-866-718-1649, MUFG Securities Americas Inc. toll-free at 1-877-649-6848 and SMBC Nikko Securities America, Inc. toll-free at 1-888-868-6856.
Selling Restrictions
Japan
The Notes have not been and will not be registered under the Financial Instruments and Exchange Act of Japan (Act No. 25 of 1948, as amended), or the "FIEA." The Notes may not be offered or sold, directly or indirectly, in Japan or to or for the benefit of any resident of Japan (including any person resident in Japan or any corporation or other entity organized under the laws of Japan) or to others for reoffering or resale, directly or indirectly, in Japan or to or for the benefit of any resident of Japan, except pursuant to an exemption from the registration requirements of the FIEA and otherwise in compliance with any relevant laws and regulations of Japan.
Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.
Toyota Motor Credit Corporation published this content on September 03, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on September 03, 2025 at 10:07 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]