PROSPECTUS Pricing Supplement No. 2038
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 __ B __ C X Trade Date: November 10, 1994
Principal Amount (in Specified Currency): US$100,000,000
Settlement Date (Original Issue Date): November 17, 1994
If Specified Currency is other than U.S. dollars,
equivalent amount in U.S. dollars: N/A
Maturity Date: November 17, 1997
Agent's Discount or Commission: 0.000%
Price to Public (Issue Price): 100.000%
Net Proceeds to Issuer (in Specified Currency): US$100,000,000
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
X LIBOR __ Prime Rate __ Treasury Rate
__ Other (as described below under "Additional Terms")
Spread (Plus or Minus): minus 0.010%
Spread Multiplier: N/A
Index Maturity: 3 Months
Index Currency: U.S. Dollar
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. 2038
Dated November 10, 1994
Rule 424(b)(3)-Registration Statement
No. 33-54009
Rule 424(b)(3)-Registration Statement
No. 33-54011
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
Alternate Rate Event Spread: N/A
Initial Interest Rate Per Annum: To be determined one Business
Day 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 17, February 17, May 17 and
August 17, commencing February 17, 1995, except for the
Initial Interest Rate which shall be determined on November
16, 1994.
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".
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(Floating Rate Notes)
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Pricing Supplement No. 2038
Dated November 10, 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:
Chase Manhattan Bank, N.A., London Branch will act as Calculation
Agent for the Notes.
Plan of Distribution:
Lehman Brothers International (Europe) is acting as agent (the
"Agent") in connection with the distribution of the Notes pursuant
to the terms of an agent accession letter, dated November 10, 1994,
executed under the Company's Amended and Restated Euro Distribution
Agreement, dated August 31, 1993.
