PROSPECTUS Pricing Supplement No. 1921
Dated April 1, 1994 Dated July 15, 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: July 15, 1994
Principal Amount (in Specified Currency): US$150,000,000
Settlement Date (Original Issue Date): July 21, 1994
If Specified Currency is other than U.S. dollars,
equivalent amount in U.S. dollars: N/A
Maturity Date: July 21, 1997
Agent's Discount or Commission: 0.0750%
Price to Public (Issue Price): 100.000%
Net Proceeds to Issuer (in Specified Currency): US$149,887,500
Interest Rate:
Interest Calculation:
__ Regular Floating Rate
__ Inverse Floating Rate
(Fixed Interest Rate): ___%
X Other Floating Rate
(as described below under "Additional Terms")
Interest Rate Basis:
__ CD Rate __ Commercial Paper Rate __ Federal Funds Rate
__ LIBOR __ Prime Rate X Treasury Rate
__ Other (as described below under "Additional Terms")
Spread (Plus or Minus): + .12%
Spread Multiplier: N/A
Index Maturity: Six Months
Index Currency: 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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Pricing Supplement No. 1921
Dated July 15, 1994
Rule 424(b)(3)-Registration Statement
No. 33-50909
Maximum Interest Rate: N/A
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 on July
19, 1994 based upon application of the interest rate formula.
Interest Payment Period:
__ Annual X Semi-Annual __ Monthly __ Quarterly
Interest Payment Dates if other than as set forth in the Prospectus
Supplement: Each January 21 and July 21, commencing on January 21,
1995 up to and including the Maturity Date.
Interest Reset Periods and Dates:
__ Daily X Weekly __ Monthly
__ Quarterly (See "Additional Terms--Interest" below).
__ Semiannually: months in which reset: N/A
__ Annually: month in which reset: N/A
Interest Determination Dates if other than as set forth in the
Prospectus Supplement: See "Additional Terms--Interest" below.
Form of Notes:
X DTC registered
__ non-DTC registered
Repayment, Redemption and Acceleration:
Initial Redemption Date: July 21, 1996
Initial Redemption Percentage: 100%
Optional Repayment Date: N/A
Annual redemption Percentage Reduction: N/A
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Pricing Supplement No. 1921
Dated July 15, 1994
Rule 424(b)(3)-Registration Statement
No. 33-50909
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:
Interest.
The interest rate applicable to each weekly Interest Reset Period will
equal the Treasury Rate (as defined in the Prospectus Supplement) plus
the Spread set forth on the cover page of this Pricing Supplement.
Interest will be payable semi-annually on each January 21 and July 22,
commencing on January 21, 1995 up to and including the Maturity Date,
unless earlier redeemed as described under "Optional Redemption" below.
The interest rate on the Notes will reset weekly on each Tuesday except
as specified below (each, an "Interest Reset Date"). The Interest
determination Date with respect to an Interest Reset Date will be the
day in the week in which the related Interest Reset Date falls on which
day Treasury Bills (as defined in the Prospectus Supplement) are
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Pricing Supplement No. 1921
Dated July 15, 1994
Rule 424(b)(3)-Registration Statement
No. 33-50909
normally auctioned (Treasury Bills are normally sold at auction on
Monday of each week, unless that day is a legal holiday, in which case
the auction is normally held on the following Tuesday, except that such
auction may be held on the preceding Friday); provided, however, that if
an auction is held on the Friday of the week preceding the related
Interest Reset Date, the related Interest Determination Date will be
such preceding Friday; and provided further, that if an auction falls on
any Interest Reset Date, then the related Interest Reset Date will
instead be the Business Day following such auction.
Interest will be calculated on the basis of the actual number of days
elapsed during each Interest Payment Period over the actual number of
days in the year in which the applicable Interest Payment Date falls.
Morgan Guaranty Trust Company shall act as the Calculation Agent for
the Notes.
Optional Redemption.
The Company may redeem the Notes on July 21, 1996 (the "Redemption
Date") upon not more than 60 nor less than 30 days prior written notice
to each holder at a redemption price of 100% of the principal amount of
the Notes. See "Description of Notes--Optional Redemption" in the
accompanying Prospectus Supplement.
Plan of Distribution:
The Notes are being purchased by J.P. Morgan Securities, Inc., as
principal (hereinafter referred to as the "Underwriter"), less an
underwriting discount of 0.0750%. The Company has agreed to indemnify
the Underwriter against and contribute toward certain liabilities,
including liability under the Securities Act of 1933, as amended.
