Free Writing Prospectus
Filed Pursuant to Rule 433
Dated January 27, 2011
Registration Statement No. 333-168098
$1.0bln Toyota Auto Receivables 2011-A Owner Trust (TAOT)
Prime retail auto loans
Joint Bookrunners: BofAML (Struc), HSBC, RBS
SEC Registered
Co-Managers: C, CA, CS, BAR, JPM, MZ, SAN, SMBC, TOUS, UBS
100% Pot
NOTE OFFER
CLS $BAL(mm) $AMT(mm) M/S&P WAL PWIN L.FINAL BENCH YLD PRICE CPN
==========================================================================
A1 356.800 ---------------------------------- NOT OFFERED -----------------------------------------
A2 273.000 259.350 Aaa/AAA 1.05 8-17 05/15/13 EDSF+ 17 0.614 99.99663 0.61
A3 263.900 250.705 Aaa/AAA 2.00 17-32 10/15/14 Swps+ 20 0.988 99.98816 0.98
A4 72.922 69.276 Aaa/AAA 3.06 32-40 05/15/15 IntS+ 27 1.567 99.99426 1.56
B 34.022 ---------------------------------- NOT OFFERED -----------------------------------------
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* SETTLES: 02/03/11
* BILL & DELIVER
: BofAML
* FIRST PAYMENT DATE: 03/15/11
* ERISA ELIGIBLE
: Yes
* EXPECTED RATINGS: M/S&P
* MIN DENOMS
: $1,000 by $1,000
* BLOOMBERG TICKER: TAOT 2011-A
* A2/A3/A4 CUSIPS: 89235XAB3 / 89235XAC1 / 89235XAD9
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The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site atwww.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322. The securities may not be suitable for all investors. Merrill, Lynch, Pierce, Fenner & Smith Incorporated and its affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship wi th the issuer.
