Actionable news
0
All posts from Actionable news
Actionable news in ALLY: ALLY FINANCIAL Inc,

Filing under Securities Act Rules 163/433 of free writing prospectuses

BGCOLOR="WHITE">

Filed Pursuant to Rule 433

Registration No. 333-193070

Term Sheet dated April 6, 2016

4.250% S enior Notes due 2021

Issuer:

Ally Financial Inc. (Ally)

Expected Ratings:

BB+ / BB+ (S&P/Fitch)

Title of Securities:

4.250% Senior Notes due 2021 (the Notes)

Legal Format:

SEC Registered

Settlement Date:

April 11, 2016 (T+3)

Final Maturity Date:

April 15, 2021

Aggregate Principal Amount:

$600,000,000

Gross Proceeds:

$596,652,000

Underwriting Discount:

0.750%

Net Proceeds to Ally before Estimated Expenses:

$592,152,000

Coupon:

4.250%

Issue Price:

99.442%

Benchmark Treasury:

1.250% due March 31, 2021

Benchmark Treasury Yield:

1.197%

Spread to Benchmark Treasury:

317.8 bps

Yield to Maturity:

4.375%

Interest Payment Dates:

Semi-annually, in arrears on April 15 and October 15 of each year, until maturity, commencing October 15, 2016

Day Count Convention:

30/360; Unadjusted, Following Business Day convention

Joint Book-Running Managers:

Barclays Capital Inc.

...


More