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

Preliminary Pricing Supplement No. 122 - Dated Tuesday, November 15, 2016 (To: Prospectus dated August 10, 2015)

CUSIP Principal   Gross Net Coupon Coupon Coupon Maturity 1st Coupon 1st Coupon Survivor's Product
Number Amount Selling Price Concession Proceeds Type Rate Frequency Date Date Amount Option Ranking
02006DLD1 [] 100.00 % (1) 1.125 % [] Fixed 3.600 % Monthly 11/15/2019 12/15/2016 $2.00 Yes Senior Unsecured Notes

Redemption Information: Callable at 100% on 11/15/2017 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.

 

02006DLE9 [] 100.00 % (2) 1.700 % [] Fixed 4.250 % Monthly 11/15/2021 12/15/2016 $2.36 Yes Senior Unsecured Notes

Redemption Information: Callable at 100% on 11/15/2017 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: Tuesday, November 15, 2016 through Monday, November 21, 2016

Trade Date: Monday, November 21, 2016 @ 12:00 PM ET

Settle Date: Friday, November 25, 2016

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.

Ally Financial Inc.

 

Ally Financial Term Notes, Series A

Prospectus dated August 10, 2015