PROSPECTUS Pricing Supplement No. 2066
Dated April 1, 1994 Dated November 28, 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$20,000,000
Trade Date: November 28, 1994
Settlement Date (Original Issue Date):December 21, 1994
Maturity Date: December 21, 2004 (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$20,000,000
Interest:
Interest Rate: The Notes will pay interest at the rate of 8.000%
per annum for the period from the original issue date up to
but excluding the second Interest Payment Date scheduled to
occur on December 21, 1995; thereafter, the interest rate
on the Notes will reset annually on each December 21 in
accordance with the schedule set forth under "Additional
Terms--Interest" below.
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. 2066
Dated November 28, 1994
Rule 424(b)(3)-Registration Statement
No. 33-54009
Rule 424(b)(3)-Registration Statement
No. 33-54011
Interest Payment Period:
__ Annual X Semi-Annual __ Monthly __ Quarterly
Interest Payment Dates: Each December 21 and June 21, commencing
on June 21, 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: December 21, 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
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(Redeemable Step Up Coupon Notes)
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Pricing Supplement No. 2066
Dated November 28, 1994
Rule 424(b)(3)-Registration Statement
No. 33-54009
Rule 424(b)(3)-Registration Statement
No. 33-54011
Additional Terms:
Interest.
Interest on the Notes will accrue from December 21, 1994 and
will be payable in U.S. dollars semiannually on each December 21
and June 21, commencing June 21, 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 December
21, 1995. Thereafter, the interest rate will be subject to
adjustment annually on each December 21 in accordance with the
following schedule:
Interest Period Interest Rate
(per annum)
December 21, 1995 to December 20, 1996 8.125% per annum
December 21, 1996 to December 20, 1997 8.250%
December 21, 1997 to December 20, 1998 8.375%
December 21, 1998 to December 20, 1999 8.500%
December 21, 1999 to December 20, 2000 8.625%
December 21, 2000 to December 20, 2001 8.750%
December 21, 2001 to December 20, 2002 9.000%
December 21, 2002 to December 20, 2003 9.500%
December 21, 2003 to December 20, 2004 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.
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(Redeemable Step Up Coupon Notes)
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Pricing Supplement No. 2066
Dated November 28, 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 December 21, 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.
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.
