PROSPECTUS Pricing Supplement No. 2003
Dated April 1, 1994 Dated September 6, 1994
PROSPECTUS SUPPLEMENT Rule 424(b)(3)-Registration Statement
No. 33-54009
Dated April 1, 1994 Rule 424(b)(3)-Registration Statement
No. 33-54011
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES
(Redeemable Step Up Coupon Notes)
Series: A X B __ C __
Principal Amount: US$60,000,000
Trade Date: September 6, 1994
Settlement Date (Original Issue Date): September 30, 1994
Maturity Date: September 30, 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. For further
information with respect to the plan of distribution and
any discounts, commissions or profits on resales of Notes
that may be deemed underwriting discounts or commissions,
see "Plan of Distribution" below.
Net Proceeds to Issuer (in Specified Currency): US$60,000,000
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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(Redeemable Step Up Coupon Notes)
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Pricing Supplement No. 2003
Dated September 6, 1994
Rule 424(b)(3)-Registration Statement
No. 33-54009
Rule 424(b)(3)-Registration Statement
No. 33-54011
Interest:
Interest Rate: The Notes will pay interest at the rate of 7.50%
for the period from the
original issue date up to but excluding the fourth Interest
Payment Date scheduled to occur on September 30, 1996;
thereafter, the interest rate on the Notes will reset
annually on each September 30 in accordance with the
schedule set forth under "Additional Terms--Interest"
below.
Interest Payment Period:
__ Annual
X Semi-Annual
__ Monthly
__ Quarterly
Interest Payment Dates: Each September 30 and March 30,
commencing on March 30, 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 ("N/A")
Initial Redemption Date: September 30, 1996 (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
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(Redeemable Step Up Coupon Notes)
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Pricing Supplement No. 2003
Dated September 6, 1994
Rule 424(b)(3)-Registration Statement
No. 33-54009
Rule 424(b)(3)-Registration Statement
No. 33-54011
Amortizing Notes:
Amortization Schedule: N/A
Indexed Notes:
Currency Base Rate: N/A
Additional Terms:
Interest.
Interest on the Notes will accrue from September 30, 1994 and
will be payable in U.S. dollars semiannually on each September
30 and March 30, commencing March 30, 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
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 7.500% per annum
from and including the Original Issue Date up to but excluding
September 30, 1996. Thereafter, the interest rate will be
subject to adjustment annually on each September 30 in
accordance with the following schedule:
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(Redeemable Step Up Coupon Notes)
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Pricing Supplement No. 2003
Dated September 6, 1994
Rule 424(b)(3)-Registration Statement
No. 33-54009
Rule 424(b)(3)-Registration Statement
No. 33-54011
Interest Period Interest Rate
(per annum)
September 30, 1996 to September 29, 1997 7.625%
September 30, 1997 to September 29, 1998 7.750%
September 30, 1998 to September 29, 1999 7.875%
September 30, 1999 to September 29, 2000 8.000%
September 30, 2000 to September 29, 2001 8.125%
September 30, 2001 to September 29, 2002 8.250%
September 30, 2002 to September 29, 2003 8.500%
September 30, 2003 to September 29, 2004 9.000%
September 30, 2004 to September 29, 2005 9.500%
September 30, 2005 to September 29, 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
September 30, 1996 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.
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.
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(Redeemable Step Up Coupon Notes)
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Pricing Supplement No. 2003
Dated September 6, 1994
Rule 424(b)(3)-Registration Statement
No. 33-54009
Rule 424(b)(3)-Registration Statement
No. 33-54011
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 net proceeds to the Corporation will be 100% of
the principal amount of the Notes.
The Underwriter has advised the Company that the Underwriter
proposed to offer the Notes from time to time for sale in
negotiated transactions or otherwise, at prices determined at
the time of sale. The Underwriter may effect such transactions
by selling Notes to or through dealers and such dealers may
receive compensation in the form of underwriting discounts,
concessions or commissions from the Underwriter and any
purchasers of Notes (which may include other dealers) for whom
they may act as agent. The Underwriter and any dealers that
participate with the Underwriter or other dealers in the
distribution of the Notes may be deemed to be underwriters, and
any discounts or commission received by them and any profit on
the resale of Notes by them may be deemed to be underwriting
compensation.
The Company has agreed to indemnify the Underwriter against and
contribute toward certain liabilities, including liability under
the Securities Act of 1933, as amended.
