PROSPECTUS Pricing Supplement No. 1805
Dated July 12, 1993 Dated February 25, 1994
PROSPECTUS SUPPLEMENT Rule 424(b)(3)-Registration Statement
No. 33-58506
Dated July 12, 1993 Rule 424(b)(3)-Registration Statement
No. 33-58508
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES
(Floating Rate Notes)
Series: A __ B X C __ Trade Date: February 25, 1994
Principal Amount (in Specified Currency): US$20,000,000
Settlement Date (Original Issue Date): March 7, 1994
If Specified Currency is other than U.S. dollars,
equivalent amount in U.S. dollars: N/A
Maturity Date: March 7, 1995
Agent's Discount or Commission: 0.00%
Price to Public (Issue Price): 100.00%
Net Proceeds to Issuer (in Specified Currency): US$20,000,000
Interest Rate:
Interest Calculation:
__ Regular Floating Rate
__ Inverse Floating Rate
(Fixed Interest Rate):
X Other Floating Rate: Three Month LIBOR (as defined herein)
plus 0.750% or 0.000% to be determined on each Interest
Rate Determination Date (as described below under
"Additional Terms")
Interest Rate Basis:
__ CD Rate __ Commercial Paper Rate __ Federal Funds Rate
__ LIBOR __ Prime Rate
X Other (as described below under "Additional Terms")
Spread (Plus or Minus): N/A
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.
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(Floating Rate Notes)
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Pricing Supplement No. 1805
Dated February 25, 1994
Rule 424(b)(3)-Registration Statement
No. 33-58506
Rule 424(b)(3)-Registration Statement
No. 33-58508
Index Maturity: N/A
Index Currency: N/A
Maximum Interest Rate: N/A
Minimum Interest Rate: 0%
Alternate Rate Event Spread: N/A
Initial Interest Rate Per Annum: See "Additional Terms" below.
Interest Payment Period:
__ Annual __ Semi-Annual __ Monthly X Quarterly
Interest Payment Dates if other than as set forth in the
Prospectus Supplement: June 7, 1994, September 7, 1994,
December 7, 1994 and March 7, 1995.
Interest Reset Periods and Dates:(*)
__ Daily __ Weekly __ Monthly __ Quarterly
__ Semiannually:
__ Annually: month in which reset:
(*) See "Additional Terms" below.
Interest Rate Determination Dates if other than as set forth in
the Prospectus Supplement: See "Additional Terms" below.
Form of Notes:
The Notes will be issued in the form of a temporary global note
which will be deposited with or on behalf of a common depository
for Euroclear and Cedel S.A.. The temporary global note will be
exchangeable 40 days following the Original Issue Date set forth
above for a Permanent Global Note or, upon request, Notes in
definitive bearer form in denominations of $10,000, $100,000 and
$1,000,000.
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(Floating Rate Notes)
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Pricing Supplement No. 1805
Dated February 25, 1994
Rule 424(b)(3)-Registration Statement
No. 33-58506
Rule 424(b)(3)-Registration Statement
No. 33-58508
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
Dual Currency Notes:
Face Amount Currency: N/A
Option Value Calculation Agent: N/A
Optional Payment Currency: N/A
Option Election Date(s): N/A
Designated Exchange Rate: N/A
Indexed Notes:
Currency Base Rate: N/A
Determination Agent: N/A
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(Floating Rate Notes)
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Pricing Supplement No. 1805
Dated February 25, 1994
Rule 424(b)(3)-Registration Statement
No. 33-58506
Rule 424(b)(3)-Registration Statement
No. 33-58508
Additional Terms:
Interest.
Interest on the Notes is payable quarterly on June 7, 1994,
September 7, 1994, December 7, 1994 and March 7, 1995 (each, an
"Interest Payment Date"). The interest rate per annum applicable
to each quarterly period commencing on the immediately preceding
Interest Payment Date (or in the case of the initial interest
period, commencing on the Issue Date) to but excluding the next
Interest Payment Date will be determined by the Calculation Agent
(as defined below) in accordance with the following:
(i) On each Interest Rate Determination Date (as defined
below) during the period commencing on the Issue Date to
but excluding September 7, 1994, the Calculation Agent
shall determine whether Three Month LIBOR (as defined
below) is greater than or equal to 3.25% and less than or
equal to 4.2500%. If Three Month LIBOR on such Interest
Rate Determination Date falls within such range, interest
will accrue at the Coupon Rate (as defined below) for
such day. If Three Month LIBOR on such date falls outside
of such range, then no interest will accrue on such date.
(ii) On each Interest Rate Determination Date during the
period commencing on September 7, 1994 to but excluding
March 7, 1995, the Calculation Agent shall determine
whether Three Month LIBOR is greater than or equal to
3.2500% and less than or equal to 5.0000%. If Three
Month LIBOR on such Interest Rate Determination Date
falls within such range, interest will accrue at the
Coupon Rate for such day. If Three Month LIBOR on such
date falls outside of such range, then no interest will
accrue on such date.
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(Floating Rate Notes)
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Pricing Supplement No. 1805
Dated February 25, 1994
Rule 424(b)(3)-Registration Statement
No. 33-58506
Rule 424(b)(3)-Registration Statement
No. 33-58508
The interest rate applicable to each quarterly interest period,
commencing on the immediately preceding Interest Payment Date will
be determined by the Calculation Agent two London Business Days
prior to each Interest Payment Date (or in the case of the initial
interest period, two London Business Days before the Issue Date),
and will be equal to Three Month LIBOR (as defined below) plus
0.7500% per annum (the "Coupon Rate"). For each quarterly interest
period, the Calculation Agent will determine the percentage of
London Banking Days on which Three Month LIBOR was within the
ranges set forth above (the "Accrual Percentage"). The Accrual
Percentage will be determined by dividing the number of calendar
days on which Three Month LIBOR was within the ranges set forth
above during the interest period by 360. If any day is not a
London Business Day, the accrual for that day will be the same as
for the immediately preceding London Business Day. The amount of
interest to be paid on each Interest Payment Date will be equal to
the Accrual Percentage multiplied by the Coupon Rate for the
period.
In the event that any Interest Payment Date or the Maturity Date
falls on a day that is not a Business Day, interest shall be paid
on the next succeeding Business Day and interest on such payment
shall accrue for the period from and after such Interest Payment
Date to such next succeeding Business Day.
Interest on the Notes will be computed on an actual/360 day
basis.
For the purposes of the Notes, the following terms shall have the
following meanings:
"Interest Rate Determination Date" means each day (from and
including the Issue Date to but excluding the Maturity Date), being
a day upon which the Calculation Agent shall determine whether
LIBOR is within the applicable range set forth above.
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(Floating Rate Notes)
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Pricing Supplement No. 1805
Dated February 25, 1994
Rule 424(b)(3)-Registration Statement
No. 33-58506
Rule 424(b)(3)-Registration Statement
No. 33-58508
"Three Month LIBOR" means the rate for deposits in the London
interbank market in U.S. dollars for a three-month period
commencing on the second Business Day immediately following such
Interest Rate Determination Date that appears on Telerate Page 3750
(as defined below) as of 11:00 a.m., London time, on the applicable
Interest Rate Determination Date. If no rate appears on Telerate
Page 3750 as aforesaid, the Calculation Agent will request the
principal London offices of each of four major reference banks in
the London interbank market, as selected by the Calculation Agent,
to provide the Calculation Agent with its offered quotation for
deposits in U.S. dollars for a three-month period commencing on the
second Business Day immediately following such Interest Rate
Determination Date to prime banks in the London interbank market at
approximately 11:00 a.m., London time, on such Interest Rate
Determination Date and in a principal amount that is representative
for a single transaction in U.S. Dollars in such market at such
time. If at least two such quotations are provided, Three Month
LIBOR will be the arithmetic mean of such quotations. If fewer
than two quotations are provided, Three Month LIBOR will be the
arithmetic mean of the rates quoted at approximately 11:00 a.m., in
the City of New York, on such Interest Rate Determination Date for
loans made on the second Business Day immediately following such
Interest Rate Determination Date in U.S. dollars to leading
European banks having a maturity of three month and in a principal
amount that is representative for a single transaction in U.S.
dollars in such market at such time by three major banks in The
City of New York selected by the Calculation Agent; provided,
however, that if the banks so selected by the Calculation Agent are
not quoting as mentioned in this sentence, Three Month LIBOR with
respect to such Interest Rate Determination Date will be Three
Month LIBOR as determined on the immediately preceding Interest
Rate Determination Date.
"Telerate Page 3750" means the display on the Dow Jones Telerate
Service designated as "Page 3750" (or such other page as may
replace Page 3750 on that service or such other service as may be
nominated by the British Bankers' Association as the information
vendor for the purpose of displaying British Bankers' Association
Interest Settlement Rates for U.S. dollar deposits).
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(Floating Rate Notes)
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Pricing Supplement No. 1805
Dated February 25, 1994
Rule 424(b)(3)-Registration Statement
No. 33-58506
Rule 424(b)(3)-Registration Statement
No. 33-58508
"Calculation Agent" means Kidder, Peabody International Limited.
Certain Investment Considerations:
Investors should be aware that if Three Month LIBOR on any
Interest Rate Determination Date falls outside of the applicable
LIBOR range set forth under "Additional Terms -- Interest", no
interest will accrue for that day.
Plan of Distribution:
Kidder, Peabody International Limited is acting as Agent in
connection with the distribution of the Notes.
