By Susanna Moon
Chicago, April 18 - Toyota Motor Credit Corp. priced $10 million of step-up fixed-rate callable notes due April 30, 2015, according to a 424B2 filing with the Securities and Exchange Commission.
Barclays Capital Inc. is the agent.
The coupon will be 0.5% for the first year, stepping up to 1% on April 30, 2013 and to 1.5% on April 30, 2014. Interest is payable quarterly.
The payout at maturity will be par.
The notes are callable at par on any interest payment date after one year.
| Issuer: | Toyota Motor Credit Corp.
|
| Issue: | Step-up fixed-rate callable notes
|
| Amount: | $10 million
|
| Maturity: | April 30, 2015
|
| Coupon: | 0.5% initially, stepping up to 1% on April 30, 2013 and to 1.5% on April 30, 2014; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on interest payment dates beginning April 30, 2013
|
| Pricing date: | April 18
|
| Settlement date: | April 30
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 0.215%
|
| Cusip: | 89233P6C5
|
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