PROSPECTUS Pricing Supplement No. 1988
Dated April 1, 1994 Dated August 23, 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
(Floating Rate Notes)
Series: A __ B X C __ Trade Date: August 23, 1994
Principal Amount (in Specified Currency): DM 120,000,000
Settlement Date (Original Issue Date): August 26, 1994
If Specified Currency is other than US dollars,
equivalent amount in US dollars: US$78,564,000(*)
(*) Based on the exchange rate of DM 1 = US$0.6547
Maturity Date: August 26, 1996
Agent's Discount or Commission: .010%
Price to Public (Issue Price): 100.00%
Net Proceeds to Issuer (in Specified Currency): DM 119,988,000
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): + 0.030%
Spread Multiplier: N/A
Index Maturity: Three Months
Index Currency: Deutsche Mark
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. 1988
Dated August 23, 1994
Rule 424(b)(3)-Registration Statement
No. 33-50909
Rule 424(b)(3)-Registration Statement
No. 33-54009
Alternate Rate Event Spread: N/A
Initial Interest Rate Per Annum: To be determined two London
Business Days prior to the Original Issue Date set forth
above 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: Each August 26, November 26,
commencing November 26, 1994
Interest Reset Periods and Dates:
__ Daily __ Weekly __ Monthly
X Quarterly; on each Interest Payment Date.
__ Semiannually
__ Annually
Interest Determination Dates if other than as set forth in the
Prospectus Supplement: The second London Business Day
preceding each Interest Reset Date.
Form of Notes:
The Notes will 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 depositary for Morgan Guaranty
Trust Company of New York, Brussels office, as operator of the
Euroclear System (the "Euroclear Operator"), and Cedel, societe
anonyme ("Cedel") for credit to the account designated by or on
behalf of the purchaser thereof. The interests of the
beneficial owner or owners in the temporary global bearer note
will be exchangeable after the expiration of the Restricted
Period for an interest in a permanent global bearer note as
described in the Prospectus Supplement under the caption
"DESCRIPTION OF NOTES--Forms, Denominations, Exchange and
Transfer". The Notes will be available in denominations of DM
100,000
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(Floating Rate Notes)
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Pricing Supplement No. 1988
Dated August 23, 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
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:
"London Business Day" means a day on which any day other than a
Saturday or Sunday or any other day on which banking
institutions are generally authorized or obligated by law or
regulation to close in London, England.
References herein to "DM" or "Deutsche Marks" are to the lawful
currency of the Federal Republic of Germany.
Credit Suisse Financial Products will act as the Calculation
Agent for the Notes.
Plan of Distribution:
CS First Boston Effectenbank Aktiengesellschaft (the
"Underwriter") is acting as principal in connection with the
distribution of the Notes and is purchasing the Notes from the
Company at a price equal to the issue price of 100% of their
aggregate principal amount less an underwriting discount equal
to .010%. The Company has agreed to indemnify the Underwriter
against, and contribute toward, certain liabilities, including
liability under the Securities Act of 1933, as amended.
