Filed under Rule 424(b)(2), Registration Statement No. 333-226651

Preliminary Pricing Supplement No. 220 - Dated Monday, February 24, 2020 (To: Prospectus dated August 7, 2018)

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

02006DUH2

[]

100.00%

1.125 %

[]

Fixed

1.950 %

Monthly

03/15/2023

4/15/2020

$2.17

Yes

Senior Unsecured Notes

Redemption Information: Callable at 100% on 3/15/2021 and Monthly thereafter with 30 Calendar Days Notice.

02006DUJ8

[]

100.00%

1.700 %

[]

Fixed

2.200 %

Monthly

03/15/2025

4/15/2020

$2.44

Yes

Senior Unsecured Notes

Redemption Information: Callable at 100% on 3/15/2021 and Monthly thereafter with 30 Calendar Days Notice.

Ally Financial Inc.

Offering Date: Monday, February 24, 2020 through Monday, March 2, 2020

Ally Financial Inc.

Trade Date: Monday, March 2, 2020 @ 12:00 PM ET

Ally Financial Term Notes, Series A

Settle Date: Thursday, March 5, 2020

Prospectus dated August 7, 2018

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, Wells Fargo Advisors, LLC

Except for Notes sold to level-fee accounts, Notes offered to the public will be offered at the public offering price set forth in this Pricing Supplement. Selected dealers purchasing Notes on an agency basis for non-level fee client accounts shall purchase Notes at the public offering price. Notes purchased by the selected dealers for their own account may be purchased at the public offering price less the applicable concession. Notes purchased by the selected dealers on behalf of level-fee accounts may be sold to such accounts at the applicable concession to the public offering price, in which case, such selected dealers will not retain any portion of the sales price as compensation.

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.

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Ally Financial Inc. published this content on 24 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 February 2020 20:12:01 UTC