Loans on used cars, extended to borrowers with prime credit characteristics, make up the reference pool of assets.

Hence the name: credit-linked notes. Ally is in a small but growing number of banks issuing the notes, including Morgan Stanley and Huntington Bancshares. The buyers typically are large investors ...

including the repayment of a portion of the borrowings outstanding under our revolving credit facility and to pay related fees and expenses. The interest rate on the 2028 Notes is linked to ...