PROSPECTUS Pricing Supplement No. 2053
Dated April 1, 1994 Dated November 21, 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
(Floating Rate Notes)
Series: A X B __ C __ Trade Date: November 21, 1994
Principal Amount (in Specified Currency): US$250,000,000
Settlement Date (Original Issue Date): November 29, 1994
If Specified Currency is other than U.S. dollars,
equivalent amount in U.S. dollars: N/A
Maturity Date: November 29, 1995
Agent's Discount or Commission: 0.0300%
Price to Public (Issue Price): 100.000%
Net Proceeds to Issuer (in Specified Currency): US$249,925,000
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 Prime Rate __ LIBOR __ Treasury Rate
__Other (as described below under "Additional Terms")
Spread (Plus or Minus): minus 2.6800%
Spread Multiplier: N/A
Index Maturity: N/A
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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(Floating Rate Notes)
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Pricing Supplement No. 2053
Dated November 21, 1994
Rule 424(b)(3)-Registration Statement
No. 33-54009
Rule 424(b)(3)-Registration Statement
No. 33-54011
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
Alternate Rate Event Spread: N/A
Initial Interest Rate Per Annum: To be determined one Business
Days prior to the Original Issue Date.
Interest Payment Period:
__ Annual __ Semi-Annual __ Monthly X Quarterly
Interest Payment Dates if other than as set forth in the
Prospectus Supplement: February 28, 1995, May 29, 1995, August
29, 1995 and November 29, 1995.
Interest Reset Periods and Dates:
X Daily __ Weekly __ Monthly __ Quarterly
__ Semiannually __ Annually; See "Additional Terms--Interest".
Interest Determination Dates if other than as set forth in the
Prospectus Supplement: One Business Days prior to each Interest
Reset Date.
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
Initial Redemption Percentage: N/A
Amortizing Notes:
Amortization Schedule: N/A
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(Floating Rate Notes)
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Pricing Supplement No. 2053
Dated November 21, 1994
Rule 424(b)(3)-Registration Statement
No. 33-54009
Rule 424(b)(3)-Registration Statement
No. 33-54011
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 daily Interest Reset Period
will equal the Prime Rate (as defined below) minus the Spread set
forth on the cover page of this Pricing Supplement. Interest will
be payable quarterly on February 28, 1995, May 29, 1995, August 29,
1995 and November 29, 1995 (each, an "Interest Payment Date").
Interest will reset each Business Day (each, an "Interest Reset
Date") from the Original Issue Date up to but excluding the
Maturity Date. The Interest Determination Date with respect to an
Interest Reset Date will be one Business Days prior to each
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.
"Prime Rate" means, with respect to any Interest Reset Date, the
rate appearing on Telerate Page 125 (as defined below) on the
related Interest Determination Date under the heading "Bank Prime
Rate History". If Telerate Page 125 is not available on such
Interest Determination Date, then the Prime Rate for the related
Interest Reset Date shall be the rate appearing in the Federal
Reserve Statistical Release H.15(519) opposite the caption "Bank
Prime Loan" for such Interest Determination Date. If Telerate Page
125 and the Federal Reserve Statistical Release H.15(519) are not
available on, or for (with respect to H.15(519)), any Interest
Determination Date, the Prime Rate applicable to such Interest
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(Floating Rate Notes)
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Pricing Supplement No. 2053
Dated November 21, 1994
Rule 424(b)(3)-Registration Statement
No. 33-54009
Rule 424(b)(3)-Registration Statement
No. 33-54011
Reset Date shall be the arithmetic mean of the rates appearing on
Telerate Page 38 (as defined below) under the heading "Prime Rates-
Top 30 U.S. Banks" on such date. If Telerate Page 125, the Federal
Reserve Statistical Release H.15(519) and Telerate Page 38 are
unavailable on any Interest Determination Date with respect to an
Interest Reset Date, then the Prime Rate will be based on the
arithmetic mean of the prime rates or base lending rates (quoted on
the basis of the actual numbers of days in the year divided by a
360-day year) quoted by three major money center banks in the City
of New York selected by the Calculation Agent; provided, however,
that if fewer than three banks selected as aforesaid by the
Calculation Agent are quoting as described in this sentence, the
Prime Rate applicable to such Interest Reset Date shall be the
Prime Rate in effect on such Interest Reset Date. Telerate Pages
125 and 38 mean the display pages designated as Page 125 and Page
38, respectively, on the Dow Jones Telerate Service (or such other
pages as may replace such pages on that service, or such other
service as may be nominated as the information vendor, for the
purposes of displaying rates comparable to the prime rate).
Merrill Lynch, Pierce, Fenner & Smith Incorporated will act as
Calculation Agent for the Notes.
Plan of Distribution:
The Notes are being purchased by Merrill Lynch, Pierce, Fenner
& Smith Incorporated (hereinafter referred to as the
"Underwriter"), as principal, at the public offering price of 100%
of the aggregate principal amount of the Notes less and
underwriting discount equal to 0.030%. The Company has agreed to
indemnify the Underwriter against and contribute toward certain
liabilities, including liability under the Securities Act of 1933,
as amended.
