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Pricing Supplement dated April 6, 1994
(To Prospectus dated March 9, 1994 and Rule 424 (b)(3)
Prospectus Supplement dated March 9, 1994) File No. 33-52359
TOYOTA MOTOR CREDIT CORPORATION
Medium-Term Note - Fixed Rate
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Principal Amount: $75,000,000 Trade Date: April 6, 1994
Issue Price: 100% Original Issue Date: April 13, 1994
Interest Rate: 5.70% Net Proceeds to Issuer: $74,889,000
Interest Payment Dates: May 15 and Principal's Discount or Commission: 0.148%
November 15
Stated Maturity Date: April 15, 1996
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Day Count Convention:
[x] 30/360 for the period from April 13, 1994 to April 15, 1996
[ ] Actual/Actual for the period from to
[ ] Other (see attached) to
Redemption:
[x] The Notes cannot be redeemed prior to the Stated Maturity Date.
[ ] The Notes may be redeemed prior to Stated Maturity Date.
Initial Redemption Date:
Initial Redemption Percentage: %
Annual Redemption Percentage Reduction: % until Redemption
Percentage is 100% of the Principal Amount.
Repayment:
[x] The Notes cannot be repaid prior to the Stated Maturity Date.
[ ] The Notes can be repaid prior to the Stated Maturity Date at the option of
the holder of the Notes.
Optional Repayment Date(s):
Repayment Price: %
Currency:
Specified Currency: U.S. dollars
(If other than U.S. dollars, see attached)
Minimum Denominations:
(Applicable only if Specified Currency is other than U.S. dollars)
Original Issue Discount: [ ] Yes [x] No
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period:
Form: [x] Book-entry [ ] Certificated
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Goldman, Sachs & Co.
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Additional Terms of the Notes
Plan of Distribution
Goldman, Sachs & Co., acting as principal, has agreed to purchase and TMCC
has agreed to sell, the Notes at a discount of 0.148%. Goldman, Sachs & Co.
proposes to offer the Notes directly to purchasers at an initial public offering
price of 100% of the principal amount thereof. After the Notes are released for
sale to the public, the offering price may from time to time be varied by
Goldman, Sachs & Co.
Goldman, Sachs & Co. is committed to take and pay for all of the Notes
offered hereby if any are taken.