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Pricing Supplement dated March 10, 1995 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: $50,000,000 Trade Date: March 10, 1995
Issue Price: 100% Original Issue Date: March 17, 1995
Interest Rate: 6.74% Net Proceeds to Issuer: $49,975,000
Interest Payment Dates: September 18, 1995 Principal's Discount or
and March 18, 1996 Commission: 0.05%
Stated Maturity Date: March 18, 1996
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Day Count Convention:
[x] 30/360 for the period from March 17, 1995 to March 18, 1996
[ ] 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: Not applicable
Initial Redemption Percentage Price: Not applicable
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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Lehman Brothers
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ADDITIONAL TERMS OF THE NOTES
Plan of Distribution
Lehman Brothers, acting as principal, has agreed to
purchase and TMCC has agreed to sell the Notes at 100% of their
principal amount. Lehman Brothers may resell the Notes to one or
more investors or to one or more broker-dealers (acting as
principal for the purpose of resale) at varying prices related to
prevailing market prices at the time of resale, as determined by
Lehman Brothers. After the initial public offering of the Notes,
the public offering price may be changed by Lehman Brothers.
Under the terms and conditions of the Distribution
Agreement, Lehman Brothers is committed to take and pay for all
of the Notes offered hereby if any are taken.
