PROSPECTUS Pricing Supplement No. 2009
Dated April 1, 1994 Dated October 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$25,000,000
Trade Date: October 6, 1994
Settlement Date (Original Issue Date):October 31, 1994
Maturity Date: October 31, 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$25,000,000
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. 2009
Dated October 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 8.00%
for the period from the original issue date up to but
excluding the fourth semi-annual Interest Payment Date
scheduled to occur on October 31, 1996; thereafter, the
interest rate on the Notes will reset annually on each
October 31 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 October 31 and April 30, commencing
on April 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: October 31, 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
Amortizing Notes:
Amortization Schedule: N/A
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(Redeemable Step Up Coupon Notes)
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Pricing Supplement No. 2009
Dated October 6, 1994
Rule 424(b)(3)-Registration Statement
No. 33-54009
Rule 424(b)(3)-Registration Statement
No. 33-54011
Indexed Notes:
Currency Base Rate: N/A
Additional Terms:
Interest.
Interest on the Notes will accrue from October 31, 1994 and will
be payable in U.S. dollars semiannually on each October 31 and
April 30, commencing April 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 8.000% per annum from and
including the Original Issue Date up to but excluding October
31, 1996. Thereafter, the interest rate will be subject to
adjustment annually on each October 31 in accordance with the
following schedule:
Interest Period Interest Rate
October 31, 1996 to October 30, 1997 8.125% per annum
October 31, 1997 to October 30, 1998 8.250% per annum
October 31, 1998 to October 30, 1999 8.375% per annum
October 31, 1999 to October 30, 2000 8.500% per annum
October 31, 2000 to October 30, 2001 8.625% per annum
October 31, 2001 to October 30, 2002 8.750% per annum
October 31, 2002 to October 30, 2003 9.000% per annum
October 31, 2003 to October 30, 2004 10.000% per annum
October 31, 2004 to October 30, 2005 11.000% per annum
October 31, 2005 to October 30, 2006 12.000% per annum
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.
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(Redeemable Step Up Coupon Notes)
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Pricing Supplement No. 2009
Dated October 6, 1994
Rule 424(b)(3)-Registration Statement
No. 33-54009
Rule 424(b)(3)-Registration Statement
No. 33-54011
Optional Redemption.
The Company may at its option elect to redeem the Notes, in
whole or in part, on October 31, 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.
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.
