PROSPECTUS Pricing Supplement No. 1831
Dated April 1, 1994 Dated April 6, 1994
PROSPECTUS SUPPLEMENT Rule 424(b)(3)-Registration Statement
No. 33-58506
Dated April 1, 1994 Rule 424(b)(3)-Registration Statement
No. 33-58508
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES
(Fixed Rate Notes)
Series: A X B __ C __ Trade Date: April 6, 1994
Principal Amount (in Specified Currency): US$100,000,000
Settlement Date (Original Issue Date): April 13, 1994
If Specified Currency is other than U.S. dollars,
equivalent amount is U.S. dollars: N/A
Maturity Date: April 1, 2004 (subject to earlier Repayment at the
option of the holder on April 1, 1996, as described below).
U.S. dollars, equivalent amount in U.S. dollars: N/A
Agent's Discount or Commission: .350%
Price to Public (Issue Price): 99.85%
Net Proceeds to Issuer (in Specified Currency): US$99,500,000
Interest Rate:
Interest Rate Per Annum: 5.13% for the period from the Original
Issue Date specified above up to but excluding April 1,
1996; thereafter, 8.09% per annum up to the Maturity Date.
Interest Payment Period:
__ Annual X Semi-Annual(*) __ Monthly __Quarterly
(*) The first interest payment period will extend from the
Original Issue Date up to but excluding the first Interest
Payment Date; thereafter, the Interest Payment Period will
be semi-annual.
CAPITALIZED TERMS USED IN THIS PRICING SUPPLEMENT WHICH ARE DEFINED
IN THE ACCOMPANYING PROSPECTUS SUPPLEMENT SHALL HAVE THE MEANINGS
ASSIGNED TO THEM IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
(Fixed Rate Notes)
Page 2
Pricing Supplement No. 1831
Dated April 6, 1994
Rule 424(b)(3)-Registration Statement
No. 33-58506
Rule 424(b)(3)-Registration Statement
No. 33-58508
Interest Payment Dates if other than as set
forth in the Prospectus Supplement: April 1 and October 1 of
each year, commencing on October 1, 1994.
Repayment, Redemption and Acceleration:
Optional Repayment Date: The Notes are repayable at the option
of the holder on April 1, 1996 at a price equal to 100% of
the principal amount thereof, together with accrued
interest to, but not including, the date of repayment as
provided, and subject to the provisions described in the
accompanying Prospectus Supplement under "Description of
the Notes-Repayment at the Noteholders' Option;
Repurchase."
Initial Redemption Date: N/A
Initial Redemption Percentage: N/A
Original Issue Discount
The Notes will be issued with original issue discount for United
States federal income tax purposes. See "Certain United States Tax
Considerations" below.
Amortizing Notes:
Amortization Schedule: N/A
Dual Currency Notes:
Face Amount Currency: N/A
Option Value Calculation Agent: N/A
Optional Payment Currency: N/A
Option Election Date(s): N/A
Designated Exchange Rate: N/A
<PAGE>
(Fixed Rate Notes)
Page 3
Pricing Supplement No. 1831
Dated April 6, 1994
Rule 424(b)(3)-Registration Statement
No. 33-58506
Rule 424(b)(3)-Registration Statement
No. 33-58508
Form and Denomination:
The Notes will be issued in the form of a permanent registered
global note deposited with or on behalf of the Depository Trust
Company. See "Description of Notes-General" in the accompanying
Prospectus Supplement.
Certain United States Tax Considerations:
The following discussion supplements, and should be read in
conjunction with, the statements contained in the Prospectus
Supplement dated April 1, 1994 under the caption "United States Tax
Considerations".
Original Issue Discount
The Notes (pursuant to OID Regulations) will be issued with
original issue discount equal to the amount by which their stated
redemption price at maturity exceeds their issue price as those
terms are defined by the Prospectus Supplement.
The stated redemption price at maturity will include the sum of
all amounts payable on the Notes, other than "qualified stated
interest." In general, qualified stated interest is stated
interest that is unconditionally payable at least annually at a
single fixed rate. The Notes provide for the payment of interest
semiannually at the rate of 5.13% per annum from April 13, 1994 to
but excluding April 1, 1996, and thereafter at a rate of 8.09% per
annum until final maturity. Accordingly, the Notes have qualified
stated interest of 5.13%. The excess 2.96% payable after April 1,
1996 will be treated as part of the Notes' stated redemption price
at maturity, and will give rise to original issue discount which
will be includible in a U.S. Holder's income over the full term of
the Note (irrespective of when actually received and irrespective
of a U.S. Holder's normal method of tax accounting) in accordance
with a constant interest method based on a compounding of interest.
U.S. Holders will be required to recognize such original issue
<PAGE>
(Fixed Rate Notes)
Page 4
Pricing Supplement No. 1831
Dated April 6, 1994
Rule 424(b)(3)-Registration Statement
No. 33-58506
Rule 424(b)(3)-Registration Statement
No. 33-58508
discount as ordinary income in advance of the receipt of the cash
payments to which such income is attributable through the fourth
accrual period. As a consequence of treating the 2.96% in excess
of qualified stated interest as original issue discount, the actual
receipt of such amount in accrual periods five through twenty (to
the extent the Note remains outstanding) will not be includible in
a U.S. Holder's income, but instead will reduce a U.S. Holder's
basis in the Note. A U.S. Holder's basis in a Note will be
increased by the amount of original issue discount included in
gross income with respect thereto.
Qualified Stated Interest. A U.S. Holder of Notes will be
required to report as income for United States federal income tax
purposes, qualified stated interest earned on such U.S. Holder's
Notes in accordance with its method of tax accounting.
Sale, Exchange and Retirement of Notes
Upon the sale, exchange or retirement of a Note, a U.S. Holder
will recognize taxable gain or loss equal to the difference between
the amount realized on the sale, exchange or retirement (not
including any amount attributable to accrued but unpaid qualified
stated interest) and such U.S. Holder's adjusted tax basis in the
Note. A U.S. Holder's adjusted tax basis in a Note will equal the
cost of the Note to such U.S. Holder, increased by the amounts of
any original issue discount previously included in income by the
U.S. Holder with respect to such Note and reduced by the amounts of
any payments that do not constitute qualified stated interest.
Gain or loss realized on the sale, exchange or retirement of a
Note generally will be capital gain or loss (except to the extent
of any accrued market discount), and will be long-term capital gain
or loss if at the time of sale, exchange or retirement the Note has
been held for more than one year. Thus, if an initial U.S. Holder
exercises the option to have the Note repaid on April 1, 1996, such
U.S. Holder will recognize a capital loss approximately equal to
the amount of previously accrued original issue discount (which was
included in income as ordinary income). Capital losses are subject
to certain limitations in the case of individual taxpayers and may
only be used to offset capital gains in the case of corporate
taxpayers.
<PAGE>
(Fixed Rate Notes)
Page 5
Pricing Supplement No. 1831
Dated April 6, 1994
Rule 424(b)(3)-Registration Statement
No. 33-58506
Rule 424(b)(3)-Registration Statement
No. 33-58508
Plan of Distribution:
Kidder, Peabody & Co. Incorporated (the "Agent") is acting as
agent in connection with the distribution of the Notes. The Agent
will receive a commission equal to .350%.
