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FREE WRITING PROSPECTUS Dated June 8, 2011 | | Filed Pursuant to Rule 433 Registration No. 333-163392 Registration No. 333-163392-09 |
New Issue ABS $1073.650mm Ally Auto Receivables Trust 2011-3 (ALLYA)
Joint-Lead Mgrs: RBS,BAML,CA
Co-Mgr: CS,LLOYDS,MIZ,PNC,SOCGEN
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CLASS | | | SIZE (MM) | | WAL | | MDYS/FITCH* | | E.FIN | | L.FIN | | BENCHMARK SPREAD | | YIELD | | COUPON | | PRICE |
| A1 | | | $223.000 | | 0.29 | | P-1/F-1+ | | Feb 12 | | Jun 12 | | INTL-4 | | 0.22957 | | 0.22957 | | 100 |
| A2 | | | $306.000 | | 1.15 | | Aaa/AAA | | Feb 13 | | Jan 14 | | 1mLIBOR+12 | | N/A | | L+12 | | 100 |
| A3 | | | $332.000 | | 2.40 | | Aaa/AAA | | Sep 14 | | Aug 15 | | Interp SWPS+25 | | 0.976 | | 0.97 | | 99.99047 |
| A4 | | | $140.040 | | 3.67 | | Aaa/AAA | | Jun 15 | | May 16 | | Interp SWPS+40 | | 1.621 | | 1.61 | | 99.98023 |
| B | | | $29.050 | | N/A |
| C | | | $30.120 | | N/A |
| D | | | $13.440 | | N/A |
* Expected Ratings
^ Classes B, C and D are not offered
* Public Offering: A-1,A-2,A-3,A-4
* Asset: | Prime retail auto loans |
* Speed: | 0.90 ABS @10% clean-up call |
* Timing: | Pricing Wednesday |
* Exp Settle: | June 15, 2011 |
* First Pay: | July 15, 2011 |
STATEMENT REGARDING THIS FREE WRITING PROSPECTUS
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling (866) 884-2071 or emailing offeringmaterials@rbs.com.