Toyota to price FX notes linked to currency basket via Citigroup

By Angela McDaniels

Tacoma, Wash., March 3 - Toyota Motor Credit Corp. plans to price zero-coupon principal-protected foreign-exchange notes due 2010 linked to a basket of currencies, according to an FWP filing with the Securities and Exchange Commission.

The basket includes equal weights of the Argentine peso, Russian ruble, Chinese yuan, Indonesian rupiah and Philippine peso.

The payout at maturity will be par of $10,000 plus any appreciation of the basket relative to the dollar multiplied by the participation rate, which is expected to be 140% to 170% and will be determined at pricing. Investors will receive at least par.

The notes will price and settle in March.

Citigroup Global Markets Inc. will be the agent.

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