2001 Camry 2.2 acceleration hesitation & jerking

P0420 Toyota - Catalyst System Efficiency Below Threshold Bank 1

found online:
As the code description implies the P0420 code means that the vehicle’s control module has detected that the three-way catalytic converter is not working properly (is not as efficient as the factory is expecting). Replacing the oxygen (O2) sensors may sometimes fix the code, but in most cases the catalytic convert needs to be replaced to fix the problem.