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Amendment No. 1 dated February 26, 1996 to
Pricing Supplement dated February 21, 1996 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: $100,000,000 Trade Date: February 21, 1996
Issue Price: See Plan of Distribution Original Issue Date: February 26, 1996
Interest Rate: 5.00% Net Proceeds to Issuer: $99,870,000
Interest Payment Dates: August 26, 1996 Principal's Discount or
and February 26, 1997 Commission: 0.13%
Stated Maturity Date: February 26, 1997
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Day Count Convention:
[x] 30/360 for the period from February 26, 1996 to February 26,1997
[ ] 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 Inc., acting as principal, has agreed
to purchase and TMCC has agreed to sell the Notes at 99.87% of
their principal amount. Lehman Brothers Inc. 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 Inc. After the initial public offering of the
Notes, the public offering price may be changed by Lehman
Brothers Inc.
Under the terms and conditions of the Distribution
Agreement, Lehman Brothers Inc. is committed to take and pay for
all of the Notes offered hereby if any are taken.
