PROSPECTUS Pricing Supplement No. 2047
Dated April 1, 1994 Dated November 14, 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 __ B X __ Trade Date: November 14, 1994
Principal Amount (in Specified Currency): NLG25,000,000
Settlement Date (Original Issue Date): November 21, 1994
If Specified Currency is other than U.S. dollars,
equivalent amount in U.S. dollars: US$14,437,500
(Based on the exchange rate of NLG1=US$0.5775)
Maturity Date: November 21, 1997
Agent's Discount or Commission: 0.000%
Price to Public (Issue Price): 100.0000%
Net Proceeds to Issuer (in Specified Currency): NLG25,000,000
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
__ Treasury Rate
X Other; AIBOR (as described below under "Additional Terms")
Spread (Plus or Minus): + 0.030%
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. 2047
Dated November 14, 1994
Rule 424(b)(3)-Registration Statement
No. 33-54009
Rule 424(b)(3)-Registration Statement
No. 33-54011
Index Maturity: 3 Months
Index Currency: Dutch Guilder
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
Alternate Rate Event Spread: N/A
Initial Interest Rate Per Annum: To be determined two Business
Days prior to the Original Issue Date.
Interest Payment Period:
__ Annual __ Semi-Annual __ Monthly X Quarterly
Interest Payment Dates if other than as set forth in the
Prospectus Supplement: November 21, February 21, May 21 and
August 21, commencing February 21, 1995.
Interest Reset Periods and Dates:
__ Daily __ Weekly __ Monthly X Quarterly
__ Semiannually __ Annually
Interest Determination Dates if other than as set forth in the
Prospectus Supplement: Two Business Days prior to each Interest
Reset Date.
Form of Notes:
The Notes will initially 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 depository for Morgan
Guaranty Trust Company of New York, brussels office, as operator of
the Euroclear System and Cedel, societe anonyme for credit to the
account designated by or on behalf of the purchasers thereof. The
temporary global note will be exchangeable for a permanent global
note after the expiration of the Restricted Period, all as
described in the Prospectus Supplement under the heading
"DESCRIPTION OF NOTES--Forms, Denominations, Exchange and
Transfer". Notes will be available in minimum denominations of
NLG1,000,000 and integral multiples of NLG1,000 in excess thereof.
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(Floating Rate Notes)
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Pricing Supplement No. 2047
Dated November 14, 1994
Rule 424(b)(3)-Registration Statement
No. 33-54009
Rule 424(b)(3)-Registration Statement
No. 33-54011
Repayment, Redemption and Acceleration:
Optional Repayment Date: N/A
Annual Redemption Percentage Reduction: N/A
Initial Redemption Date: N/A
Initial Redemption Percentage: 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
Additional Terms:
Interest.
The interest rate applicable to each quarterly Interest Reset
Period will equal AIBOR (as defined below) 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"). The interest rate will reset quarterly on each
Interest Payment Date (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 two Business Day prior to each Interest Reset Date. If any
Interest Reset Date would otherwise be a day that is not a Business
Day, such Interest Reset Date will be postponed to the next
succeeding day that is a Business Day, except that if such Business
Day falls in the next succeeding calendar month, such Interest
Reset Date will be the immediately preceding Business Day.
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(Floating Rate Notes)
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Pricing Supplement No. 2047
Dated November 14, 1994
Rule 424(b)(3)-Registration Statement
No. 33-54009
Rule 424(b)(3)-Registration Statement
No. 33-54011
"AIBOR" means, with respect to any Interest Reset Date, the rate
for deposits in Dutch Guilders for a period of three months which
appears on the Reuters Screen AIBO Page (as defined below) (Euro
AIBO column) as of 11:00 a.m., Amsterdam time, on the related
Interest Determination Date. If such rate does not appear on the
Reuters Screen AIBO Page, the rate for such Interest Reset Date
will be the rate determined on the basis of the rates at which
deposits in Dutch Guilders are offered by the Reference Banks (as
defined below) at approximately 11:00 a.m. on the related Interest
Determination Date, to prime banks in the Amsterdam interbank
market for a period of three months commencing on the applicable
Interest Reset Date and in an amount that is representative for a
single transaction in such market at such time (such amount, a
"Representative Amount"). The Calculation Agent will request the
principal Amsterdam office of each of the Reference Banks to
provide a quotation of its rate. If at least two quotations are
provided, the rate for such Interest Reset Date will be the
arithmetic mean of the quotations. If fewer than two quotations
are provided as requested, the rate for such Interest Reset Date
will be the arithmetic mean of the rates quoted by major banks in
Amsterdam, selected by the Calculation Agent, at approximately
11:00 a.m., Amsterdam time, on such Interest Reset Date for loans
in Dutch Guilders to leading European banks for a period of three
months commencing on such Reset Date and in a Representative Amount
"Reuters Screen AIBO Page" means the page designated as "AIBO"
on the Reuters Monitor Money Rates Service (or such other page as
may replace that page on that service for the purpose of displaying
rates comparable to the Amsterdam interbank offered rates.
"Reference Banks mean four major banks in the Amsterdam interbank
market selected by the Calculation Agent.
References to "Dutch Guilder" or "NLG" are to the lawful currency
of The Netherlands.
Plan of Distribution:
Goldman Sachs International is acting as agent in connection with
the distribution of the Notes.
