Filed under Rule 424(b)(2), Registration Statement No. 333-206284

Preliminary Pricing Supplement No. 118 - Dated Monday, August 29, 2016 (To: Prospectus dated August 10, 2015)

 

CUSIP Principal Selling Gross Net Coupon Coupon Coupon Maturity 1st Coupon 1st Coupon Survivor's Product
Number Amount Price Concession Proceeds Type Rate Frequency Date Date Amount Option Ranking
02006DKV2 [] 100.00 % (1) 1.125 % [] Fixed 2.750 % Monthly 09/15/2019 10/15/2016 $2.75 Yes Senior Unsecured Notes
Redemption Information: Callable at 100% on 9/15/2017 and Monthly thereafter with 30 Calendar Days Notice.
                         
(1) Investment advisers, either registered under the Investment Advisers Act of 1940 or exempt therefrom, purchasing Notes for the account of their advisory clients may be offered Notes at a 0.4500 % discount to the public offering price.
02006DKW0 [] 100.00 % (2) 1.700 % [] Fixed 3.200 % Monthly 09/15/2021 10/15/2016 $3.20 Yes Senior Unsecured Notes
Redemption Information: Callable at 100% on 9/15/2017 and Monthly thereafter with 30 Calendar Days Notice.
                         
(2) Investment advisers, either registered under the Investment Advisers Act of 1940 or exempt therefrom, purchasing Notes for the account of their advisory clients may be offered Notes at a 0.7500 % discount to the public offering price.

 

Ally Financial Inc. Offering Date: Monday, August 29, 2016 through Tuesday, September 6, 2016 Ally Financial Inc.
  Trade Date: Tuesday, September 6, 2016 @ 12:00 PM ET Ally Financial Term Notes, Series A
  Settle Date: Friday, September 9, 2016 Prospectus dated August 10, 2015
  Minimum Denomination/Increments: $1,000.00/$1,000.00  
  Initial trades settle flat and clear SDFS: DTC Book Entry only  
  DTC Number 0235 via RBC Dain Rauscher Inc  
  Agents: Incapital LLC, Citigroup, RBC Capital Markets, Morgan Stanley, J.P. Morgan  
  If the maturity date or an interest payment date for any note is not a business day (as term is defined in prospectus), principal, premium, if any, and interest for that note is paid on the next business day, and no interest will accrue from, and after, the maturity date or interest payment date.