New Issue: Toyota Motor Credit prices $15 million capped fixed-to-floating notes via Barclays

By Toni Weeks

San Diego, Oct. 20 - Toyota Motor Credit Corp. priced $15 million of capped fixed-to-floating notes due Oct. 27, 2014, according to a 424B3 filing with the Securities and Exchange Commission.

Barclays Capital Inc. is the agent.

The interest rate will be 1% for the first year. After that it will equal Libor plus 47.5 basis points, subject to a maximum rate of 7%. Interest will be payable quarterly.

The payout at maturity will be par.

Issuer:	Toyota Motor Credit Corp.
Issue:	Capped fixed-to-floating notes
Amount:	$15 million
Maturity:	Oct. 27, 2014
Coupon:	1% for one year; beginning Oct. 27, 2012, Libor plus 47.5 bps, with cap of 7%; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	Oct. 18
Settlement date:	Oct. 27
Agent:	Barclays Capital Inc.
Fees:	None
Cusip:	89233P5M4

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