PROSPECTUS Pricing Supplement No. 2051
Dated April 1, 1994 Dated November 17, 1994
PROSPECTUS SUPPLEMENT Rule 424(b)(3)-Registration Statement
No. 33-54009
Dated April 1, 1994 Rule 424(b)(3)-Registration Statement
No. 33-54011
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES
(Redeemable Step Up Coupon Notes)
Series: A X B __ C __
Principal Amount: US$20,000,000
Trade Date: November 17, 1994
Settlement Date (Original Issue Date):December 8, 1994
Maturity Date: December 8, 2006 (unless earlier redeemed as
described under "Additional Terms--Optional Redemption"
below).
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 100% 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$20,000,000
POTENTIAL PURCHASERS OF THE NOTES ARE URGED TO READ THIS PRICING
SUPPLEMENT THOROUGHLY TOGETHER WITH THE ACCOMPANYING PROSPECTUS AND
PROSPECTUS SUPPLEMENT EACH DATED APRIL 1, 1994. SEE "CERTAIN
INVESTMENT CONSIDERATIONS" HEREIN.
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. 2051
Dated November 17, 1994
Rule 424(b)(3)-Registration Statement
No. 33-54009
Rule 424(b)(3)-Registration Statement
No. 33-54011
Interest:
Interest Rate: The Notes will pay interest at the rate of 8.200%
for the period from the original issue date up to but
excluding the fourth Interest Payment Date scheduled to
occur on December 8, 1996; thereafter, the interest rate on
the Notes will reset annually on each December 8 in
accordance with the schedule set forth under "Additional
Terms--Interest" below.
Interest Payment Period:
__ Annual X Semi-Annual __ Monthly __ Quarterly
Interest Payment Dates: Each December 8 and June 8, commencing
on June 8, 1995 up to and including the Maturity Date
unless earlier redeemed. See "Additional Terms--Interest"
below.
Repayment, Redemption and Acceleration:
Optional Repayment Date: Not applicable ("N/A")
Initial Redemption Date: December 8, 1996
(See "Additional Terms--Redemption" below)
Initial Redemption Percentage: 100%
Form of Notes:
X DTC registered __ non-DTC registered
Original Issue Discount
Amount of OID: N/A
Interest Accrual Date: N/A
Yield to Maturity: N/A
Initial Accrual Period OID: N/A
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Pricing Supplement No. 2051
Dated November 17, 1994
Rule 424(b)(3)-Registration Statement
No. 33-54009
Rule 424(b)(3)-Registration Statement
No. 33-54011
Amortizing Notes:
Amortization Schedule: N/A
Indexed Notes:
Currency Base Rate: N/A
Additional Terms:
Interest.
Interest on the Notes will accrue from December 8, 1994 and will
be payable in U.S. dollars semiannually on each December 8 and
June 8, commencing June 8, 1995 up to and including the Maturity
Date or date of earlier redemption (each, an "Interest Payment
Date"). Interest will accrue from and including each Interest
Payment Date to but excluding the next succeeding Interest
Payment Date. In the event an Interest Payment Date falls on a
day other than a Business Day, interest will be paid on the next
succeeding Business Day and no interest on such payment shall
accrue for the period from and after such Interest Payment Date
to such next succeeding Business Day. The interest rate on the
Notes will be equal to 8.200% per annum from and including the
Original Issue Date up to but excluding December 8, 1996.
Thereafter, the interest rate will be subject to adjustment
annually on each December 8 in accordance with the following
schedule:
Interest Period Interest Rate
(per annum)
December 8, 1996 to December 7, 1997 8.300%
December 8, 1997 to December 7, 1998 8.450%
December 8, 1998 to December 7, 1999 8.550%
December 8, 1999 to December 7, 2000 8.700%
December 8, 2000 to December 7, 2001 8.800%
December 8, 2001 to December 7, 2002 9.050%
December 8, 2002 to December 7, 2003 9.300%
December 8, 2003 to December 7, 2004 9.550%
December 8, 2004 to December 7, 2005 10.050%
December 8, 2005 to December 7, 2006 11.050%
The amount of interest payable on each Interest Payment Date
will be computed on the basis of a 360 day year consisting of
twelve (12) thirty (30) day months.
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Pricing Supplement No. 2051
Dated November 17, 1994
Rule 424(b)(3)-Registration Statement
No. 33-54009
Rule 424(b)(3)-Registration Statement
No. 33-54011
Optional Redemption.
The Company may at its option elect to redeem the Notes in whole
or in part on December 8, 1996 or on any Interest Payment Date
thereafter (each such date, an "Optional Redemption Date") at
100% of their principal amount plus accrued interest to but
excluding the date of redemption (the "Redemption Date"). In
the event the Company elects to redeem the Notes, notice will be
given to registered holders not more than 60 nor less than 30
days prior to the Redemption Date.
Certain Investment Considerations:
Prospective purchasers of the Notes should be aware that the
Notes will pay interest at different fixed rates each year
through the Maturity Date unless earlier redeemed by the
Company. Prospective purchasers should also be aware that the
Company has the option to redeem the Notes on any Optional
Redemption Date and will be likely to elect to redeem the Notes
in the event prevailing market interest rates are lower than the
then-current interest rate on the Notes.
Plan of Distribution:
The Notes are being purchased by Salomon Brothers Inc
(hereinafter referred to as the "Underwriter") as principal at
a purchase price of 100% of the aggregate principal amount of
the Notes. The net proceeds to the Corporation will be 100% of
the principal amount of the Notes.
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.
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Pricing Supplement No. 2051
Dated November 17, 1994
Rule 424(b)(3)-Registration Statement
No. 33-54009
Rule 424(b)(3)-Registration Statement
No. 33-54011
The Company has agreed to indemnify the Underwriter against and
contribute toward certain liabilities, including liability under
the Securities Act of 1933, as amended.
