PROSPECTUS Amended Pricing Supplement No. 1938(a)
Dated April 1, 1994 Dated August 11, 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$125,000,000
Trade Date: July 27, 1994
Settlement Date (Original Issue Date):August 22, 1994
Maturity Date: August 22, 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. 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$125,000,000
Interest:
Interest Rate: The Notes will pay interest at the rate of 7.375%
for the period from the original issue date up to but
excluding the second Interest Payment Date scheduled to
occur on August 22, 1995; thereafter, the interest rate on
the Notes will reset annually on each August 22 in
accordance with the schedule set forth under "Additional
Terms--Interest" below.
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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Amended Pricing Supplement No. 1938(a)
Dated August 11, 1994
Rule 424(b)(3)-Registration Statement
No. 33-50909
Interest Payment Period:
__ Annual X Semi-Annual __ Monthly __ Quarterly
Interest Payment Dates: Each August 22 and February 22,
commencing on February 22, 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 22, 1995
(See "Additional Terms--Redemption" below)
Initial Redemption Percentage:100%
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.
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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Amended Pricing Supplement No. 1938(a)
Dated August 11, 1994
Rule 424(b)(3)-Registration Statement
No. 33-50909
Additional Terms:
Interest.
Interest on the Notes will accrue from August 22, 1994 and will
be payable in U.S. dollars semiannually on each August 22 and
February 22, commencing February 22, 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 7.375% per annum
from and including the Original Issue Date up to but excluding
August 22, 1995. Thereafter, the interest rate will be subject
to adjustment annually on each August 22 in accordance with the
following schedule:
Interest Period Interest Rate
August 22, 1995 to August 21, 1996 7.500% per annum
August 22, 1996 to August 21, 1997 7.750% per annum
August 22, 1997 to August 21, 1998 8.000% per annum
August 22, 1998 to August 21, 1999 8.250% per annum
August 22, 1999 to August 21, 2000 8.500% per annum
August 22, 2000 to August 21, 2001 8.750% per annum
August 22, 2001 to August 21, 2002 9.000% per annum
August 22, 2002 to August 21, 2003 10.000% per annum
August 22, 2003 to August 21, 2004 11.000% 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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Amended Pricing Supplement No. 1938(a)
Dated August 11, 1994
Rule 424(b)(3)-Registration Statement
No. 33-50909
Optional Redemption.
The Company may at its option elect to redeem the Notes on
August 22, 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 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.
