PROSPECTUS Pricing Supplement No. 2040
Dated April 1, 1994 Dated November 10, 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
(Floating Rate Notes)
Series: A X B __ C __ Trade Date: November 10, 1994
Principal Amount (in Specified Currency): US$250,000,000
Settlement Date (Original Issue Date): November 21, 1994
If Specified Currency is other than U.S. dollars,
equivalent amount in U.S. dollars: N/A
Maturity Date: November 21, 1996
Agent's Discount or Commission: 0.075%
Price to Public (Issue Price): 100.000%
Net Proceeds to Issuer (in Specified Currency): US$249,812,500
Interest Rate:
Interest Calculation:
X Regular Floating Rate
__ Inverse Floating Rate
__ Other Floating Rate
Interest Rate Basis:
__ CD Rate __ Commercial Paper Rate X Federal Funds Rate
__ LIBOR __ Prime Rate __ Treasury Rate
__ Other (as described below under "Additional Terms")
Spread (Plus or Minus): +0.200%
Spread Multiplier: N/A
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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(Floating Rate Notes)
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Pricing Supplement No. 2040
Dated November 10, 1994
Rule 424(b)(3)-Registration Statement
No. 33-54009
Rule 424(b)(3)-Registration Statement
No. 33-54011
Index Maturity: N/A
Index Currency: N/A
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
Alternate Rate Event Spread: N/A
Initial Interest Rate Per Annum: To be determined on the
Interest Determination Date with respect to the first
Interest Reset Date.
Interest Payment Period:
__ Annual __ Semi-Annual X Quarterly __ Monthly
Interest Payment Dates if other than as set forth in the
Prospectus Supplement: February 21, May 21, August 21, and
November 21, commencing February 21, 1995.
Interest Reset Periods and Dates:
X Daily __ Weekly __ Monthly __ Quarterly
__ Semiannually
__ Annually; See "Additional Terms--Interest".
Interest Determination Dates: One Business Day prior to each
Interest Reset Date. See "Additional Terms--Interest".
Form of Notes:
X DTC registered __ non-DTC registered
Repayment, Redemption and Acceleration:
Optional Repayment Date: N/A
Annual Redemption Percentage Reduction: N/A
Initial Redemption Date: N/A
Modified Payment Upon Acceleration: N/A
Initial Redemption Percentage: N/A
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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(Floating Rate Notes)
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Pricing Supplement No. 2040
Dated November 10, 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
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.
The interest rate applicable to each daily Interest Reset Period
will equal the Federal Funds Rate plus the Spread set forth on the
cover page of this Pricing Supplement. Interest will be payable
quarterly on each February 21, May 21, August 21 and November 21,
commencing February 21, 1995 (each, an "Interest Payment Date").
Interest will reset each Business Day (each, an "Interest Reset
Date") from the Original Issue Date up to but excluding the
Maturity Date. The Interest Determination Date with respect to an
Interest Reset Date will be one Business Day prior to each Interest
Reset Date. Interest payments on the Notes will equal the amount
of interest accrued from and including the next preceding Interest
Payment Date in respect of which interest has been paid (or from
and including the Original Issue Date, if no interest has been paid
with respect to the Notes) to but excluding the related Interest
Payment Date.
Further information with respect to the determination of the
Federal Funds Rate is provided under the caption "DESCRIPTION OF
THE NOTES--Interest and Interest Rates--Floating Rate Notes--
Federal Funds Rate Notes" in the accompanying Prospectus
Supplement.
Plan of Distribution:
The Notes are being purchased by Merrill Lynch, Pierce, Fenner
& Smith Incorporated (hereinafter referred to as the "Underwriter")
at 100% of their principal amount less an underwriting discount
equal to .075%. The Company has agreed to indemnify the
Underwriter against and contribute toward certain liabilities,
including liability under the Securities Act of 1933, as amended.
