PROSPECTUS Pricing Supplement No. 1863
Dated April 1, 1994 Dated May 24, 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: May 24, 1994
Principal Amount (in Specified Currency): $150,000,000
Settlement Date (Original Issue Date): June 3, 1994
If Specified Currency is other than U.S. dollars,
equivalent amount in U.S. dollars: N/A
Maturity Date: June 3, 1996
Agent's Discount or Commission: .0930%
Price to Public (Issue Price): 100.00%
Net Proceeds to Issuer (in Specified Currency): $149,860,500
Interest Rate:
Interest Calculation:
X Regular Floating Rate
__ Inverse Floating Rate
__ Other Floating Rate
Interest Rate Basis:
__ CD Rate __ Commercial Paper Rate X Federal Funds Rate
__ LIBOR __ Prime Rate __ Treasury Rate __ Other
Spread (Plus or Minus): +.230%
Spread Multiplier: N/A
Index Maturity: N/A
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. 1863
Dated May 24, 1994
Rule 424(b)(3)-Registration Statement
No. 33-50909
Alternate Rate Event Spread: N/A
Initial Interest Rate Per Annum: To be determined on the
Interest Determination Date with respect to the first
Interest Reset Date.
Interest Payment Period:
__ Annual __ Semi-Annual __ Monthly X Quarterly
Interest Payment Dates if other than as set forth in the
Prospectus Supplement: The 3rd day of September, December,
March and June through the Maturity Date, commencing on
September 3, 1994.
Interest Reset Periods and Dates:
X Daily __ Weekly __ Monthly __ Quarterly __ Semiannually
__ Annually: On each Business Day during an Interest Payment
Period up to and including the Rate Cut-Off Date (as
defined below) with respect to the applicable Interest
Payment Date. See "Additional Terms-Interest".
Interest Determination Dates if other than as set forth in the
Prospectus Supplement: On each Interest Reset Date. 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
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
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(Floating Rate Notes)
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Pricing Supplement No. 1863
Dated May 24, 1994
Rule 424(b)(3)-Registration Statement
No. 33-50909
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
Additional Terms:
Interest
The interest rate applicable to each daily Interest Reset Period
will equal the Federal Funds Rate (as defined below) plus the
Spread set forth on the cover page of this Pricing Supplement.
Interest will be payable quarterly on the 3rd day of September,
December, March and June, commencing on September 3, 1994 and
ending on the Maturity Date (each, an "Interest Payment Date").
The interest rate on the Notes will reset daily on each Business
Day during an Interest Payment Period up to and including the Rate
Cut-Off Date (as defined below) with respect to the applicable
Interest Payment Date (each, an "Interest Reset Date"). The
interest rate applicable to each date from and including a Rate
Cut-Off Date to but excluding the succeeding Interest Payment Date
shall be the rate in effect on the Rate Cut-Off Date. The Interest
Determination Date with respect to each Interest Reset Date will be
such Interest Reset Date. Interest payments on the Notes will equal
the amount of interest accrued from and including the next
preceding Interest Payment Date in respect of which interest has
been paid (or from and including the Original Issue Date, if no
interest has been paid with respect to the Notes) to but excluding
the related Interest Payment Date.
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(Floating Rate Notes)
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Pricing Supplement No. 1863
Dated May 24, 1994
Rule 424(b)(3)-Registration Statement
No. 33-50909
"Federal Funds Rate" means, with respect to each Interest
Determination Date, the rate on such date for Federal funds as
published in H.15(519) under the heading "Federal Funds
(Effective)" or, if not so published by 3:30 p.m., New York City
time, on such Interest Determination Date, the Federal Funds Rate
will be the rate on such Interest Determination Date as published
in Composite Quotations under the heading "Federal Funds/Effective
Rate." If such rate is not published in either H.15(519) or the
Composite Quotations by 3:30 p.m., New York City time, on such
Interest Determination Date, the Federal Funds Rate for such
Interest Determination date will be calculated by the Calculation
Agent and will be the arithmetic mean of the rates for the last
transaction in overnight United States dollar Federal funds as of
9:00 a.m., New York City time, on such Interest Determination Date
arranged by three leading brokers of Federal funds transactions in
The City of New York selected by the Calculation Agent; provided,
however, that if the brokers selected as aforesaid by the
Calculation Agent are not quoting as set forth above, the Federal
Funds Rate with respect to such Interest Determination Date shall
be the Federal Funds Rate in effect on such Interest Determination
Date.
"Rate Cut-Off Date" means, with respect to an Interest Payment
Date, two Business Days prior to such Interest Payment Date.
Further information with respect to the determination of the
Federal Funds Rate is provided under the caption "DESCRIPTION OF
NOTES--Interest and Interest Rate--Floating Rate Notes--Federal
Funds Rate Notes" in the accompanying Prospectus Supplement.
Plan of Distribution:
The Notes are being purchased by Salomon Brothers Inc
(hereinafter referred to as the "Underwriter") pursuant to a Terms
Agreement to be entered into under the Company's Amended and
Restated U.S. Distribution Agreement, dated August 31, 1993, as
amended, at the Issue Price of 100% less an underwriting discount
equal to .0930%. The Company has agreed to indemnify the
Underwriter against and contribute toward certain liabilities,
including liability under the Securities Act of 1933, as amended.
