| Filed under Rule 424(b)(2), Registration Statement No. 333-206284 | ||||||||||||
| Preliminary Pricing Supplement No. 127 - Dated Monday, December 19, 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 |
| 02006DLP4 | [] | 100.00 % (1) | 1.125 % | [] | Fixed | 3.400 % | Monthly | 12/15/2019 | 1/15/2017 | $1.42 | Yes | Senior Unsecured Notes |
Redemption Information: Callable at 100% on 12/15/2017 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.
| 02006DLQ2 | [] | 100.00 % (2) | 1.700 % | [] | Fixed | 4.100 % | Monthly | 12/15/2019 | 1/15/2017 | $1.71 | Yes | Senior Unsecured Notes |
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Redemption Information: Callable at 100% on 12/15/2017 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, December 19, 2016 through Tuesday, December 27, 2016 |
Ally Financial Inc. Ally Financial Term Notes, Series A Prospectus dated August 10, 2015
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| Trade Date: Tuesday, December 27, 2016 @ 12:00 PM ET | |||
| Settle Date: Friday, December 30, 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. |