Ally Financial Inc. — Capital/Financing Update 2017

Mar 6, 2017

424B2 1 v461233_424b2.htm PRELIMINARY PRICING SUPPLEMENT

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

Preliminary Pricing Supplement No. 134 - Dated Monday, March 6,2017 (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 |
| 02006DMD0 | [] | 100.00 % (1) | 1.125 % | [] | Fixed | 2.850 % | Monthly | 03/15/2020 | 4/15/2017 | $2.30 | Yes | Senior Unsecured Notes |
| Redemption Information: Callable
at 100% on 3/15/2018 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. | | | | | | | | | | | | |
| 02006DME8 | [] | 100.00 % (2) | 1.700 % | [] | Fixed | 3.450 % | Monthly | 03/15/2022 | 4/15/2017 | $2.78 | Yes | Senior Unsecured Notes |
| Redemption Information: Callable
at 100% on 3/15/2018 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. | Ally
Financial Inc. |
| --- | --- |
| Trade Date: Monday, March 13, 2017 @ 12:00 PM ET | Ally
Financial Term Notes, Series A |
| Settle Date: Thursday, March 16, 2017 | 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. | |

Field: Page; Sequence: 1; Options: Last

Field: /Page