Free Writing Prospectus
Filed Pursuant to Rule 433
Dated May 16, 2023
Registration Statement Nos. 333-259868 and 333-259868-06
$1.6 billion Toyota Auto Receivables 2023-B Owner Trust (TAOT 2023-B)
Joint Bookrunners: RBC (str), JPM, Santander, Societe General
DE&I Coordinator: RBC
Active DE&I Co-Managers: Amerivet, Great Pacific, Siebert Williams
- Anticipated Capital Structure -
| CLS | TOTAL AMT($MM) | OFFERED AMT($MM) | WAL | M/F | P-WIN | E-FIN | L-FIN | BENCH | SPRD | YLD | CPN | PX |
| A-1 | 321.000 | 304.950 | 0.20 | P-1/F1+ | 01-06 | 11/23 | 05/24 | I-CRV | + 20 | 5.225 | 5.225 | 100.00000 |
| A-2a | 320.860 | 304.817 | 1.02 | Aaa/AAA | 06-20 | 01/25 | 05/26 | I-CRV | + 52 | 5.341 | 5.28 | 99.99769 |
| A-2b | 263.140 | 249.983 | 1.02 | Aaa/AAA | 06-20 | 01/25 | 05/26 | SOFR30A | + 52 | | | 100.00000 |
| A-3 | 555.000 | 527.250 | 2.45 | Aaa/AAA | 20-42 | 11/26 | 02/28 | I-CRV | + 84 | 4.759 | 4.71 | 99.99441 |
| A-4 | 100.000 | 95.000 | 3.74 | Aaa/AAA | 42-47 | 04/27 | 09/28 | I-CRV | + 105 | 4.710 | 4.66 | 99.98496 |
| B | 40.00 | ---- | 3.89 | <Not Offered> |
| <Not Offered> | | | | |
| Expected Pricing: | *PRICED* | Transaction Size: | $1.6 billion ($1,482,000,000 offered) |
| Expected Settle: | 05/23/23 | Registration: | Public/SEC-registered |
| First Pmt Date: | 06/15/23 | ERISA Eligible: | Yes |
| Expected Ratings: | Moody's / Fitch | RR Compliance: | US-Yes, EU-No, UK-No |
| Bloomberg Ticker: | TAOT 2023-B | Pricing Speed: | 1.3% ABS to 5% Clean-Up Call |
| Bloomberg SSAP: | "TAOT2023B" | Min Denoms: | $1k x $1k |
| Bill & Deliver: | RBC | | |
---------- CUSIPs ------- -----------ISINs --------
A-1 891941 AA4 US891941 AA44
A-2a 891941 AB2 US891941 AB27
A-2b 891941 AC0 US891941 AC00
A-3 891941 AD8 US891941 AD82
A-4 891941 AE6 US891941 AE65
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- Available Materials -
Preliminary Prospectus, FWP and Intex CDI (attached)
Intexnet dealname : "RBCTOYOT23B_LARGE"; password "YVAU"
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 at www.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 1 866 375-6829.
