GENERAL ELECTRIC CAPITAL CORP ET AL
424B3, 1994-11-07
FINANCE LESSORS
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PROSPECTUS             Pricing Supplement No. 2031
Dated April 1, 1994    Dated November 4, 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
                       (Fixed Rate Notes)

Series:  A __   B X    C __         Trade Date:  November 4, 1994

Principal Amount (in Specified Currency): US$15,000,000

Settlement Date (Original Issue Date): November 14, 1994

If principal amount is stated in other than U.S. dollars,
equivalent amount in U.S. dollars:

Net Proceeds to Issuer: US$14,957850

Agent's Discount or Commission:  0.250%

Maturity Date: November 14, 1997

Price to Public (Issue Price): 99.969%

Interest:

  Interest Rate Per Annum:  7.75%

  Interest Payment Date(s):
  Series A Notes:
  __  March 15 and September 15 of each year
  __  Other: 

  Series B or C Notes:
  __  September 15 of each year
  X   Other:  November 14 of each year, commencing on November 14,
       1995




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.
<PAGE>
                       (Fixed Rate Notes)
                                                       Page 2
                       Pricing Supplement No. 2031
                       Dated November 4, 1994
                       Rule 424(b)(3)-Registration Statement 
                           No. 33-54009
                       Rule 424(b)(3)-Registration Statement 
                           No. 33-54011



Form of Notes:

  The Notes will be issued in the form of a temporary global
  bearer note, without interest coupons, which will be deposited
  with or on behalf of a common depositary for Morgan Guaranty
  Trust Company of New York, Brussels office, as operator of the
  Euroclear System (the "Euroclear Operator"), and Cedel, societe
  anonyme ("Cedel") for credit to the account designated by or on
  behalf of the purchaser thereof.  The interests of the
  beneficial owner or owners in the temporary global bearer note
  will be exchangeable after the expiration of the Restricted
  Period for an interest in a permanent global bearer note as
  described in the Prospectus Supplement under the caption
  "DESCRIPTION OF NOTES--Forms, Denominations, Exchange and
  Transfer." 

Repayment, Redemption and Acceleration

  Optional Repayment Date(s):  N/A
  Initial Redemption Date:  N/A
  Initial Redemption Percentage:  N/A
  Annual Redemption Percentage Reduction:  N/A
  Modified Payment Upon Acceleration:  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
  Option Value Calculation Agent:  N/A
  Option Election Date(s):  N/A

Indexed Notes:

  Currency Base Rate:  N/A
  Determination Agent:  N/A

<PAGE>
                       (Fixed Rate Notes)
                                                       Page 3
                       Pricing Supplement No. 2031
                       Dated November 4, 1994
                       Rule 424(b)(3)-Registration Statement 
                           No. 33-54009
                       Rule 424(b)(3)-Registration Statement 
                           No. 33-54011



Plan of Distribution:

  The Notes are being distributed by Banque Paribas, as agent (the
  "Agent"), at an issue price equal to 99.969% of the aggregate
  principal amount of the Notes.  The Agent will receive a selling
  commission equal to .2500% of the aggregate principal amount of
  the Notes.  The Agent is acting as an agent of the Company
  pursuant to the terms of an agent accession letter dated
  November 4, 1994 executed under the Company's Amended and
  Restated Euro Distribution Agreement, dated August 31, 1993. 




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