Below threshold does for sure. Here's the only thing I could find (from my 03 FSM, but it should be pretty much the same stuff)
DTC No
P0420 0420 (Bank 1)
P0430 0430 (Bank 2)
Trouble diagnosis name
Catalyst system efficiency below threshold
DTC Detecting Condition
Three way catalyst (manifold) does not operate properly, three way catalyst (manifold) does not have enough oxygen storage capacity.
Possible Cause
- Three way catalyst (manifold)
Exhaust tube
Intake air leaks
Injectors
Injector leaks
Spark plug
Improper ignition timing
Basically, if I'm reading this right, the 2nd O2 sensor, whose only purpose is to determine whether or not the Cat is working, is telling the ECU that it's not. So... I suppose to put this in some sort of order of easiest to hardest to fix / troubleshoot, and to some extent, in my opinion, likeliness):
it could be you've blown out your cat (
see also: my 03 Pathfinder lol)
it could be that 2nd O2 sensor has failed and is returning bogus values to the ECU
or it could be any number of the reasons above.
Hope that helps