Free Writing Prospectus
Filed Pursuant to Rule 433
Dated January 23, 2024
Registration Statement Nos. 333-259868 and 333-259868-09
$1,620,937,000 Toyota Auto Receivables 2024-A Owner Trust (TAOT)
Jt-Leads: BofA (struc), BNP, Credit Agricole, Lloyds
Co-Mgrs : ANZ, CIBC, COMMERZBANK
| | $mm | $mm | | | | | | | | | |
| CLS | TOTAL | OFFERED | WAL | M/S | EXP | LGL | BENCH | SPRD | YLD | CPN | $PRICE |
| A-1 | 345.000 | 327.750 | 0.17 | P-1/A-1+ | 07/24 | 01/15/25 | I-CURV | +14 | 5.519 | | 100.00000 |
| A-2a | 157.500 | 149.625 | 0.97 | Aaa/AAA | 09/25 | 12/15/26 | I-CURV | +37 | 5.190 | 5.13 | 99.99573 |
| A-2b | 472.500 | 448.875 | 0.97 | Aaa/AAA | 09/25 | 12/15/26 | SOFR30A | +35 | | | 100.00000 |
| A-3 | 630.000 | 598.500 | 2.40 | Aaa/AAA | 07/27 | 10/16/28 | I-CURV | +60 | 4.888 | 4.83 | 99.97999 |
| A-4 | 101.250 | 96.187 | 3.73 | Aaa/AAA | 12/27 | 04/16/29 | I-CURV | +70 | 4.820 | 4.77 | 99.99236 |
| PRICED: | 1/23/24 | | |
| BILL & DELIVER: | BofA | DEAL SIZE: | $1,620,937,000 (offered) |
| EXPECTED RATINGS: | Moody's, S&P | BBG TICKER: | TAOT 2024-A SSAP: TOYO24 |
| ERISA ELIGIBLE: | Yes | FORMAT: | SEC Registered |
| EXPECTED SETTLE: | 1/30/24 | FIRST PAY DATE: | 2/15/24 |
| MIN DENOMS: | $1k x $1k | PXG SPEED: | 1.3% ABS to 5% Call |
| RR COMPLIANCE: | US – Yes, EU – No | INTEXNET: | bastoyot24a_upsize VJ27 |
| CUSIPS | A-1 | 89238DAA6 |
| | A-2a | 89238DAB4 |
| | A-2b | 89238DAC2 |
| | A-3 | 89238DAD0 |
| | A-4 | 89238DAE8 |
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 1-800-294-1322 or you may e-mail a request to prospectus_request@bofa.com.
