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Pricing Supplement dated December 14, 1994 Rule 424(b)(3)
(To Prospectus dated March 9, 1994 and File No. 33-52359
Prospectus Supplement dated March 9, 1994)
TOYOTA MOTOR CREDIT CORPORATION
Medium-Term Note - Fixed Rate
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Principal Amount: $37,500,000 Trade Date: December 14, 1994
Issue Price: 107.518% Original Issue Date: December 21, 1994
Interest Rate: 15.00% Net Proceeds to Issuer: $40,271,250
Interest Payment Dates: May 15, 1995, Principal's Discount or
November 15, 1995 and December 29, 1995 Commission: .128%
Stated Maturity Date: December 29, 1995
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Day Count Convention:
[x] 30/360 for the period from December 21, 1994 to December 29, 1995
[ ] Actual/365 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: N/A
Initial Redemption Percentage: N/A
Annual Redemption Percentage Reduction: Not applicable
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
Under the terms of and subject to the conditions of a
Distribution Agreement dated as of October 17, 1991, as amended,
(the "Agreement"), between TMCC and Goldman, Sachs & Co.,
Goldman, Sachs & Co., acting as principal, has agreed to purchase
and TMCC has agreed to sell the Notes at 107.39% of their
principal amount. Goldman, Sachs & Co. proposes to offer the
Notes at an initial public offering price of 107.518% 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.
Under the terms and conditions of the Agreement, Goldman,
Sachs & Co. is committed to take and pay for all of the Notes
offered hereby if any are taken.
