PROSPECTUS Pricing Supplement No. 1859
Dated April 1, 1994 Dated May 20, 1994
PROSPECTUS SUPPLEMENT Rule 424(b)(3)-Registration Statement
No. 33-50909
Dated April 1, 1994
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES
(Floating Rate Notes)
Series: A X B __ C __ Trade Date: May 20, 1994
Principal Amount (in Specified Currency): $100,000,000
Settlement Date (Original Issue Date): May 24, 1994
If Specified Currency is other than U.S. dollars,
equivalent amount in U.S. dollars: N/A
Maturity Date: May 24, 1996
Agent's Discount or Commission: .0500%
Price to Public (Issue Price): 100.00%
Net Proceeds to Issuer (in Specified Currency): $99,950,000
Interest Rate:
Interest Calculation:
X Regular Floating Rate
__ Inverse Floating Rate
__ Other Floating Rate
Interest Rate Basis: __ CD Rate __ Commercial Paper Rate
__ Federal Funds Rate __ LIBOR __ Prime Rate X Treasury Rate
__ Other
Spread (Plus or Minus): +.220%
Spread Multiplier: N/A
Index Maturity: 3 Month
Index Currency: N/A
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
Alternate Rate Event Spread: 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. 1859
Dated May 20, 1994
Rule 424(b)(3)-Registration Statement
No. 33-50909
Initial Interest Rate Per Annum: To be determined on the Interest
Determination Date with respect to the first Interest Reset
Period.
Interest Payment Period:
__ Annual __ Semi-Annual __ Monthly X Quarterly
Interest Payment Dates if other than as set forth in the Prospectus
Supplement: The 24th day of August, November, February and May of
each year up to and including the Maturity Date, commencing
August 24, 1994.
Interest Reset Periods and Dates:
__ Daily X Weekly __ Monthly __ Quarterly __ Semiannually
__ Annually; See "Additional Terms-Interest".
Interest Determination Dates if other than as set forth in the
Prospectus Supplement: 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. 1859
Dated May 20, 1994
Rule 424(b)(3)-Registration Statement
No. 33-50909
Amortizing Notes:
Amortization Schedule: N/A
Dual Currency Notes:
Face Amount Currency: N/A
Option Value Calculation Agent: N/A
Optional Payment Currency: N/A
Option Election Date(s): N/A
Designated Exchange Rate: N/A
Indexed Notes:
Currency Base Rate: N/A
Determination Agent: N/A
Additional Terms:
Interest
The interest rate applicable to each Interest Reset Period will equal
the Treasury Rate plus the Spread set forth on the cover page of this
Pricing Supplement. Interest will be payable quarterly on the 24th day
of August, November, February and May of each year up to and including
the Maturity Date (each, an "Interest Payment Date"), commencing August
24, 1994. The interest rate on the Notes will reset weekly on each
Tuesday except as specified below (each, an "Interest Reset Date"). The
Interest Determination Date with respect to an Interest Reset Date will
be the day in the week in which the related Interest Reset Date falls on
which day Treasury Bills (as defined in the Prospectus Supplement) are
normally auctioned (Treasury Bills are normally sold at auction on
Monday of each week, unless that day is a legal holiday, in which case
the auction is normally held on the following Tuesday, except that such
auction may be held on the preceding Friday); provided however, that if
an auction is held on the Friday of the week preceding the related
Interest Reset Date, the related Interest Determination Date will be
such preceding Friday; and provided further, that if an auction falls on
any Interest Reset Date, then the related Interest Reset Date will
instead be the Business Day following such auction.
J.P. Morgan Securities Inc. will act as Calculation Agent with respect
to the Notes.
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(Floating Rate Notes)
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Pricing Supplement No. 1859
Dated May 20, 1994
Rule 424(b)(3)-Registration Statement
No. 33-50909
Plan of Distribution:
The Notes are being distributed by J.P. Morgan Securities Inc., as
agent (hereinafter referred to as the "Agent"), at 100% of their
principal amount less a selling commission equal to .0500%.
