GM Financial launches retail term notes program
GM Financial announced the launch of GM Financial Term Notes, a program targeted to retail investors that offers medium-term notes through broker-dealers and registered investment advisers. The notes will be issued on a periodic basis, beginning in the third quarter of 2017. GM Financial Term Notes will be issued at par value, at competitive market-based rates. Maturities will range from nine months to 30 years. Unless otherwise stated, the notes will contain a "survivor's option" feature providing for repayment prior to maturity in the event of the beneficial owner's death, and issuances will have a minimum investment of $1,000. The specific terms of each series of notes will be set prior to the time of sale and will be described in a publicly available pricing supplement.