PROSPECTUS Revised Pricing Supplement No. 1978
Dated April 1, 1994 Dated August 22, 1994
PROSPECTUS SUPPLEMENT Rule 424(b)(3)-Registration Statement
No. 33-50909
Dated April 1, 1994 Rule 424(b)(3)-Registration Statement
No. 33-54009
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES
(Fixed Rate Notes)
Series: A __ B X C __ Trade Date: August 22, 1994
Principal Amount (in Specified Currency): US$100,000,000
Settlement Date (Original Issue Date): August 30, 1994
If Specified Currency is other than U.S. dollars,
equivalent amount in U.S. dollars:
Maturity Date: June 2, 1997
Price to Public (Issue Price): The Notes will be sold at varying
prices to be determined by the Underwriter at the time of
each sale. See "Plan of Distribution" below.
Agent's Discount or Commission: The Notes are being purchased by
the Underwriter at 99.3892% of their principal amount and
will be sold at varying prices to be determined at the time
of sale. For further information with respect to the plan
of distribution and any discounts, commissions or profits
on resales of Notes that may be deemed underwriting
discounts or commissions, see "Plan of Distribution" below.
Net Proceeds to Issuer (in Specified Currency): US$99,389,200
(plus accrued interest from June 2, 1994)
Interest:
Interest Rate Per Annum: 6.5%
Interest Payment Dates:
X Annual: June 2 of each year commencing June 2, 1995.
__ Semi-Annual:
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)
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Revised Pricing Supplement No. 1978
Dated August 22, 1994
Rule 424(b)(3)-Registration Statement
No. 33-50909
Rule 424(b)(3)-Registration Statement
No. 33-54009
Repayment, Redemption and Acceleration:
Optional Repayment Date: N/A
Annual redemption Percentage Reduction: N/A
Initial Redemption Date: N/A
Modified Payment Upon Acceleration: 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
Form and Denominations:
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
definitive bearer notes 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". The Notes will be available in denominations of
US$1,000 and US$100,000.
Additional Terms
The Notes are intended to be fully fungible with and will, upon
issuance of definitive notes on or after the Exchange Date
(currently anticipated to occur on October 10, 1994), be
consolidated and form a single issue for all purposes with the
Company's issue of US$250,000,000 6.5% Global Medium-Term Notes,
Series B, Due June 2, 1997, described in Pricing Supplement 1855
dated May 16, 1994.
<PAGE>
(Fixed Rate Notes)
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Revised Pricing Supplement No. 1978
Dated August 22, 1994
Rule 424(b)(3)-Registration Statement
No. 33-50909
Rule 424(b)(3)-Registration Statement
No. 33-54009
Plan of Distribution:
The Notes are being purchased by Kidder, Peabody International
PLC (hereinafter referred to as the "Underwriter") pursuant to
a Terms Agreement, to be entered into under the Company's
Amended & Restated Euro Distribution Agreement, dated August 31,
1993, at the Issue Price of 99.3892% (plus accrued interest from
June 2, 1994). The Company has agreed to indemnify the
Underwriter against and contribute toward liabilities, including
liability under the Securities Act of 1933, as amended.
The Underwriter has advised the Company that the Underwriter
proposed to offer the Notes from time to time for sale in
negotiated transactions or otherwise, at prices determined at
the time of sale. The Underwriter may effect such transactions
by selling Notes to or through dealers and such dealers may
receive compensation in the form of underwriting discounts,
concessions or commissions from the Underwriter and any
purchasers of Notes (which may include other dealers) for whom
they may act as agent. The Underwriter and any dealers that
participate with the Underwriter or other dealers in the
distribution of the Notes may be deemed to be underwriters, and
any discounts or commission received by them and any profit on
the resale of Notes by them may be deemed to be underwriting
compensation.
