I don't understand, why you need to format it in SSD Toolbox?
If your ssd is in working state then installation process should be similar to hdd instalation, described like in this article
If it gives you an "I/O device error" than you have bought another piece of deception art from ebay. And you should not wait any help from intel here, those products are not supported by intel, I think.
You should contact seller and return the item back. If it possible.
You can try to do secure erase for you drive, using Parted Magic for example.
And here comes the candy...