PROSPECTUS Pricing Supplement No. 2623
Dated January 10, 1995 ated November 30, 1995
PROSPECTUS SUPPLEMENT Rule 424(b)(3)-Registration Statement
No. 33-55209
Dated January 25, 1995
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Redeemable Step Up Coupon Notes)
Principal Amount: US$30,000,000
Trade Date: November 30, 1995
Settlement Date (Original Issue Date):December 5, 1995
Maturity Date: December 5, 2010 (unless earlier redeemed as
described under "Additional Terms--Optional Redemption" below.)
Price to Public (Issue Price): 100.00%
Agent's Discount or Commission: 0.00%
Net Proceeds to Issuer (in Specified Currency): US$30,000,000
Interest:
Interest Rate: The Notes will pay interest at the rate of 6.75%
per annum for the period from the Original Issue Date up to but
excluding the Interest Payment Date scheduled to occur on
December 5, 1996; thereafter, the interest rate on the Notes
will reset annually on each December 5 in accordance with the
schedule set forth under "Additional Terms--Interest" below.
Interest Payment Period:
__ Annual X Semi-Annual __ Monthly __ Quarterly
Interest Payment Dates: June 5 and December 5 of each year,
commencing June 5, 1996, up to and including the Maturity Date
unless earlier redeemed. See "Additional Terms--Interest"
below.
Repayment, Redemption and Acceleration:
Initial Redemption Date: December 5, 1996 (See "Additional
Terms--Redemption" below)
Initial Redemption Percentage: 100%
Optional Repayment Date: Not applicable ("N/A")
POTENTIAL PURCHASERS OF THE NOTES ARE URGED TO READ THIS PRICING
SUPPLEMENT THOROUGHLY TOGETHER WITH THE ACCOMPANYING PROSPECTUS
DATED JANUARY 10, 1995 AND PROSPECTUS SUPPLEMENT DATED JANUARY 25,
1995. 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. 2623
Dated November 30, 1995
Rule 424(b)(3)-Registration Statement
No. 33-55209
Form of Notes:
X DTC registered
__ non-DTC registered
The Notes will be available in denominations of $1,000 and
increments of $1,000 in excess thereof.
Original Issue Discount
Amount of OID: N/A
Yield to Maturity: N/A
Interest Accrual Date: 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.
Interest on the Notes will accrue from December 5, 1995 and will
be payable in U.S. dollars semi-annually on June 5 and December
5 of each year, commencing June 5, 1996 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 6.75% per annum from and
including the Original Issue Date up to but excluding December
5, 1996. Thereafter, the interest rate will be subject to
adjustment annually on each December 5 in accordance with the
following schedule:
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Pricing Supplement No. 2623
Dated November 30, 1995
Rule 424(b)(3)-Registration Statement
No. 33-55209
Interest Period Interest Rate
(per annum)
December 5, 1996 to December 4, 1997 6.800%
December 5, 1997 to December 4, 1998 6.850%
December 5, 1998 to December 4, 1999 6.900%
December 5, 1999 to December 4, 2000 6.950%
December 5, 2000 to December 4, 2001 7.000%
December 5, 2001 to December 4, 2002 7.050%
December 5, 2002 to December 4, 2003 7.100%
December 5, 2003 to December 4, 2004 7.150%
December 5, 2004 to December 4, 2005 7.200%
December 5, 2005 to December 4, 2006 7.250%
December 5, 2006 to December 4, 2007 7.350%
December 5, 2007 to December 4, 2008 7.500%
December 5, 2008 to December 4, 2009 7.750%
December 5, 2009 to December 4, 2010 8.000%
The amount of interest payable on each Interest Payment Date
will be be calculated and paid based on the number of days in
the period in respect of which payment is being made divided by
360 (the number of days to be calculated on the basis of a year
of 360 days consisting of twelve 30-day months). As a result,
the amount payable on each Interest Payment Date will remain
constant for each of the 12 Interest Payment Dates from and
including the date of each annual adjustment of the interest
rate irrespective of the actual number of days since the
preceding monthly Interest Payment Date.
Optional Redemption.
The Company may at its option elect to redeem the Notes in whole
on December 5, 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.
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Pricing Supplement No. 2623
Dated November 30, 1995
Rule 424(b)(3)-Registration Statement
No. 33-55209
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 Smith Barney 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 Company has agreed to indemnify the Underwriter against and
contribute toward certain liabilities, including liability under
the Securities Act of 1933, as amended.
