PROSPECTUS Pricing Supplement No. 1948
Dated April 1, 1994 Dated August 4, 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: August 4, 1994
Principal Amount (in Specified Currency): US$100,000,000
Settlement Date (Original Issue Date): August 11, 1994
If Specified Currency is other than U.S. dollars,
equivalent amount in U.S. dollars: N/A
Maturity Date: August 11, 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
__ LIBOR __ Prime Rate X Treasury Rate
__ Other (as described below under "Additional Terms")
Spread (Plus or Minus): + .25%
Spread Multiplier: N/A
Index Maturity: Three Months
Index Currency: N/A
Maximum Interest Rate: N/A
Minimum Interest Rate: 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. 1948
Dated August 4, 1994
Rule 424(b)(3)-Registration Statement
No. 33-50909
Alternate Rate Event Spread: N/A
Initial Interest Rate Per Annum: The Interest Rate applicable
to the first weekly Interest Reset Period will be
determined on August 9, 1994 based upon application of the
interest rate formula.
Interest Payment Period:
__ Annual __ Semi-Annual __ Monthly X Quarterly
Interest Payment Dates if other than as set forth in the
Prospectus Supplement: November 11, February 11, May 11 and
August 11 of each year, commencing on November 11, 1994 up
to and including the Maturity Date.
Interest Reset Periods and Dates:
__ Daily X Weekly __ Monthly __ Quarterly
__ Semiannually
__ Annually
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
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
Amortizing Notes:
Amortization Schedule: N/A
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(Floating Rate Notes)
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Pricing Supplement No. 1948
Dated August 4, 1994
Rule 424(b)(3)-Registration Statement
No. 33-50909
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 weekly Interest Reset Period
will equal the Treasury Rate (as defined in the Prospectus
Supplement) plus the Spread set forth on the cover page of this
Pricing Supplement. Interest will be payable quarterly on each
November 11, February 11, May 11 and August 11, commencing on
November 11, 1994 up to and including the Maturity Date. 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.
Interest will be calculated on the basis of the actual number of
days elapsed during each Interest Payment Period over the actual
number of days in the year in which the applicable Interest Payment
Date falls.
Salomon Brothers Inc shall act as the Calculation Agent for the
Notes.
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(Floating Rate Notes)
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Pricing Supplement No. 1948
Dated August 4, 1994
Rule 424(b)(3)-Registration Statement
No. 33-50909
Plan of Distribution:
The Notes are being purchased by Salomon Brothers Inc as
principal (hereinafter referred to as the "Underwriter") at 100% of
their aggregate principal amount. The Company has agreed to
indemnify the Underwriter against and contribute toward certain
liabilities, including liability under the Securities Act of 1933,
as amended.
