PROSPECTUS Pricing Supplement No. 1946
Dated April 1, 1994 Dated August 2, 1994
PROSPECTUS SUPPLEMENT Rule 424(b)(3)-Registration Statement
No. 33-50909
Dated April 1, 1994
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES
(Redeemable Step Up Coupon Notes)
Series: A X B __ C __
Principal Amount: US$50,000,000
Trade Date: August 2, 1994
Settlement Date (Original Issue Date): August 24, 1994
Maturity Date: August 24, 2006 (unless earlier redeemed as
described under "Additional Terms--Optional Redemption" below.
Price to Public (Issue Price): The Notes will be sold at varying
prices to be determined by the Underwriter at the time of each
sale. See "Plan of Distribution" below.
Agent's Discount or Commission: The Notes are being purchased by
the Underwriter at 100% of their principal amount and will be
sold at varying prices to be determined at the time of sale. See
"Plan of Distribution" below.
Net Proceeds to Issuer (in Specified Currency): US$50,000,000
Interest:
Interest Rate: The Notes will pay interest at the rate of 7.250%
for the period from the original issue date up to but
excluding the second Interest Payment Date scheduled to
occur on August 24, 1995; thereafter, the interest rate on
the Notes will reset annually on each August 24 in
accordance with the schedule set forth under "Additional
Terms--Interest" below.
Interest Payment Period:
__ Annual X Semi-Annual __ Monthly __ Quarterly
POTENTIAL PURCHASERS OF THE NOTES ARE URGED TO READ THIS PRICING
SUPPLEMENT THOROUGHLY TOGETHER WITH THE ACCOMPANYING PROSPECTUS AND
PROSPECTUS SUPPLEMENT EACH DATED APRIL 1, 1994. SEE "CERTAIN
INVESTMENT CONSIDERATIONS" HEREIN.
CAPITALIZED TERMS USED IN THIS PRICING SUPPLEMENT WHICH ARE DEFINED
IN THE PROSPECTUS SUPPLEMENT SHALL HAVE THE MEANINGS ASSIGNED TO
THEM IN THE PROSPECTUS SUPPLEMENT
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Pricing Supplement No. 1946
Dated August 2, 1994
Rule 424(b)(3)-Registration Statement
No. 33-50909
Interest Payment Dates: Each August 24 and February 24,
commencing on February 24, 1995 up to and including the
Maturity Date unless earlier redeemed. See "Additional
Terms--Interest" below.
Repayment, Redemption and Acceleration:
Optional Repayment Date: Not applicable
Initial Redemption Date: August 24, 1995
(See "Additional Terms--Redemption" below)
Initial Redemption Percentage: 100%
Form of Notes:
X DTC registered __ non-DTC registered
Original Issue Discount
Amount of OID: N/A
Interest Accrual Date: N/A
Yield to Maturity: N/A
Initial Accrual Period OID: N/A
Amortizing Notes:
Amortization Schedule: N/A
Dual Currency Notes:
Face Amount Currency: N/A
Optional Payment Currency: N/A
Designated Exchange Rate: N/A
Indexed Notes:
Currency Base Rate: N/A
Additional Terms:
Interest.
Interest on the Notes will accrue from August 24, 1994 and will
be payable in U.S. dollars semiannually on each August 24 and
February 24, commencing February 24, 1995 up to and including
the Maturity Date or date of earlier redemption (each, an
"Interest Payment Date"). Interest will accrue from and
including each Interest Payment Date to but excluding the next
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(Redeemable Step Up Coupon Notes)
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Pricing Supplement No. 1946
Dated August 2, 1994
Rule 424(b)(3)-Registration Statement
No. 33-50909
succeeding Interest Payment Date. In the event an Interest
Payment Date falls on a day other than a Business Day, interest
will be paid on the next succeeding Business Day and no interest
on such payment shall accrue for the period from and after such
Interest Payment Date to such next succeeding Business Day. The
interest rate on the Notes will be equal to 7.250% per annum
from and including the Original Issue Date up to but excluding
August 24, 1995. Thereafter, the interest rate will be subject
to adjustment annually on each August 24 in accordance with the
following schedule:
Interest Period Interest Rate
(per annum)
August 24, 1995 to August 23, 1996 7.375%
August 24, 1996 to August 23, 1997 7.500%
August 24, 1997 to August 23, 1998 7.750%
August 24, 1998 to August 23, 1999 8.000%
August 24, 1999 to August 23, 2000 8.250%
August 24, 2000 to August 23, 2001 8.500%
August 24, 2001 to August 23, 2002 8.750%
August 24, 2002 to August 23, 2003 9.000%
August 24, 2003 to August 23, 2004 9.250%
August 24, 2004 to August 23, 2005 9.500%
August 24, 2005 to August 23, 2006 10.000%
The amount of interest payable on each Interest Payment Date
will be computed on the basis of a 360 day year consisting of
twelve (12) thirty (30) day months.
Optional Redemption.
The Company may at its option elect to redeem the Notes on
August 24, 1995 or on any Interest Payment Date thereafter (each
such date, an "Optional Redemption Date") at 100% of their
principal amount plus accrued interest to but excluding the date
of redemption (the "Redemption Date"). In the event the Company
elects to redeem the Notes, notice will be given to registered
holders not more than 60 nor less than 30 days prior to the
Redemption Date.
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Pricing Supplement No. 1946
Dated August 2, 1994
Rule 424(b)(3)-Registration Statement
No. 33-50909
Certain Investment Considerations:
Prospective purchasers of the Notes should be aware that the
Notes will pay interest at different fixed rates each year
through the Maturity Date unless earlier redeemed by the
Company. Prospective purchasers should also be aware that the
Company has the option to redeem the Notes on any Optional
Redemption Date and will be likely to elect to redeem the Notes
in the event prevailing market interest rates are lower than the
then-current interest rate on the Notes.
Plan of Distribution:
The Notes are being purchased by Salomon Brothers Inc
(hereinafter referred to as the "Underwriter") as principal at
a purchase price of 100% of the aggregate principal amount of
the Notes. The Notes will be sold to the public at varying
prices to be determined by the Underwriter at the time of each
sale. The net proceeds to the Corporation will be 100% of the
principal amount of the Notes.
The Company has agreed to indemnify the Underwriter against and
contribute toward certain liabilities, including liability under
the Securities Act of 1933, as amended.
