GENERAL ELECTRIC CAPITAL CORP
424B3, 1994-07-21
FINANCE LESSORS
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PROSPECTUS                 Pricing Supplement No. 1923
Dated April 1, 1994        Dated July 18, 1994 
PROSPECTUS SUPPLEMENT      Rule 424(b)(3)-Registration Statement
Dated April 1, 1994             No. 33-50909



              GENERAL ELECTRIC CAPITAL CORPORATION
                    GLOBAL MEDIUM-TERM NOTES
                      (Floating Rate Notes)

Series:  A __   B X    C __         Trade Date:  July 18, 1994

Principal Amount (in Specified Currency):  US$10,000,000

Settlement Date (Original Issue Date):  July 25, 1994

If Specified Currency is other than U.S. dollars,
equivalent amount in U.S. dollars:  N/A

Maturity Date:  July 26, 2004

Agent's Discount or Commission:  0.000%

Price to Public (Issue Price):  100.000%

Net Proceeds to Issuer (in Specified Currency):  US$10,000,000

Interest Rate:
  Interest Calculation:
  X  Regular Floating Rate
  __ Inverse Floating Rate
     (Fixed Interest Rate):
  __ Other Floating Rate
       (as described below under "Additional Terms")

  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):  + .40%
  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.

<PAGE>
                         (Floating Rate Notes)
                                                       Page 2
                       Pricing Supplement No. 1923
                       Dated July 18, 1994
                       Rule 424(b)(3)-Registration Statement
                                No. 33-50909




  Index Maturity:  Six Months
  Index Currency:  US dollar

  Maximum Interest Rate:  9.90% per annum
  Minimum Interest Rate: N/A

  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 two
       London Business Days prior to the Original Issue Date.
  
  Interest Payment Period:
  __ Annual   X  Semi-Annual    __ Monthly    __ Quarterly

  Interest Payment Dates if other than as set forth in the Prospectus
  Supplement:  Each January 25 and July 25, commencing on January 25,
       1995 up to and including the Maturity Date.

  Interest Reset Periods and Dates:
  __ Daily   __  Weekly    __ Monthly    __ Quarterly
  X  Semiannually: months in which reset:  On each Interest Payment
       Date.
  __ Annually: month in which reset:  N/A

  Interest Determination Dates if other than as set forth in the
  Prospectus Supplement:  See Two London Business Days prior to each
       Interest Reset Date.

Form of Notes:      

  The Notes will be issued in the form of a temporary Global Note which
will be deposited with a common depositary for Euroclear and Cedel S.A. 
The temporary Global Note will be exchangeable for definitive Notes in
bearer form 40 days after the Original Issue Date set forth above (the
"Exchange Date") and will be available in denominations of US$1,000 and
US$100,000.  See "Description of the Notes--Forms, Denominations,
Exchange and Transfer" in the accompanying Prospectus Supplement.


<PAGE>
                         (Floating Rate Notes)
                                                       Page 3
                       Pricing Supplement No. 1923
                       Dated July 18, 1994
                       Rule 424(b)(3)-Registration Statement
                                No. 33-50909




Repayment, Redemption and Acceleration:

  Initial Redemption Date:  N/A
  Initial Redemption Percentage:  N/A
  Optional Repayment Date:  N/A
  Annual redemption Percentage Reduction:  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

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:

  UBS Limited will act as the "Calculation Agent" for the Notes.

Plan of Distribution:

  The Notes are being distributed by UBS Limited as agent.  




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