Free Writing Prospectus
Filed Pursuant to Rule 433
Dated July 23, 2024
Registration Statement Nos. 333-259868 and 333-259868-11
*PRICING DETAILS $1.62+BN Toyota Auto Receivables 2024-C Owner Trust (TAOT 2024-C) Prime Auto Loan ABS
Joint Leads: MUFG (str), BMO, BofA and Lloyds
Active Co-Manager: Seelaus & Co.
Co-Managers: ANZ, ING
ANTICIPATED CAPITAL STRUCTURE
| CLS | TOT($mm) | OFF($mm) | WAL | S/F* | P.WIN | E.FIN | L.FIN | BENCH | SPRD | YIELD | CPN | Px |
| A-1 | 383.000 | 363.850 | 0.20 | A-1+/F1+ | 1-6 | 1/25 | 8/25 | I-CURV | +12 | 5.471 | 5.471 | 100.00000 |
| A-2A | 358.000 | 340.100 | 1.03 | AAA/AAA | 6-20 | 3/26 | 5/27 | I-CURV | +37 | 5.217 | 5.16 | 99.99905 |
| A-2B | 258.000 | 245.100 | 1.03 | AAA/AAA | 6-20 | 3/26 | 5/27 | SOFR30A | +37 | |||
| A-3 | 616.000 | 585.200 | 2.44 | AAA/AAA | 20-42 | 1/28 | 3/29 | I-CURV | +55 | 4.930 | 4.88 | 99.99994 |
| A-4 | 91.250 | 86.687 | 3.74 | AAA/AAA | 42-47 | 6/28 | 11/29 | I-CURV | +66 | 4.883 | 4.83 | 99.98636 |
| B | 43.750 | - | 3.88 | NR/NR | 47-47 | 6/28 | 2/31 | I-CURV | Retained |
* Expected Ratings
-TRANSACTION DETAILS-
| BBG Ticker: | TAOT 2024-C |
| Offered Size: | $1.62+BN |
| Format: | SEC Registered |
| Exp. Ratings: | S&P / Fitch |
| ERISA: | Yes |
| Risk Retention: | US RR = Yes, EU RR = No |
| Min Denoms: | $1k x $1k |
| Pxing Speed: | 1.30% ABS to 5% Call |
| Expected Pricing: | PRICED |
| Expected Settle: | 7/30/2024 |
| First Pay Date: | 8/15/2024 |
| B&D: | MUFG |
-ATTACHMENTS-
Preliminary Prospectus, FWP, CDI (attached)
Intex Deal Name : mittaot_2024-c_upsize / 7YUB
SSAP : TAOT24C
-Cusips-
| A1: | 89237QAA8 |
| A2A: | 89237QAB6 |
| A2B: | 89237QAC4 |
| A3: | 89237QAD2 |
| A4: | 89237QAE0 |
| B: | 89237QAF7 |
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THE ISSUER HAS FILED A REGISTRATION STATEMENT (INCLUDING A PROSPECTUS) WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION (SEC) FOR THIS OFFERING. BEFORE YOU INVEST, YOU SHOULD READ THE PROSPECTUS FOR THIS OFFERING 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 SEARCHING THE SEC ONLINE DATABASE (EDGAR®) 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 1-877-649-6848.