PROSPECTUS Pricing Supplement No. 2123
Dated April 1, 1994 Dated January 17, 1995
PROSPECTUS SUPPLEMENT Rule 424(b)(3)-Registration Statement
No. 33-54009
Dated April 1, 1994
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES
(Redeemable Step Up Coupon Notes, Series A)
Principal Amount: US$25,000,000
Trade Date: January 17, 1995
Settlement Date (Original Issue Date):February 8, 1995
Maturity Date: February 8, 2002 (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. See "Plan of Distribution" below.
Net Proceeds to Issuer (in Specified Currency): US$25,000,000
Interest:
Interest Rate: The Notes will pay interest at the rate of 8.00%
per annum, for the period from the original issue date up
to but excluding the second Interest Payment Date
scheduled to occur on February 8, 1996; thereafter, the
interest rate on the Notes will reset annually on each
February 8 in accordance with the schedule set forth
under "Additional Terms--Interest" below.
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. 2123
Dated January 17, 1995
Rule 424(b)(3)-Registration Statement
No. 33-54009
Interest Payment Period:
__ Annual X Semi-Annual __ Monthly __ Quarterly
Interest Payment Dates: Each February 8 and August 8, commencing
on August 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: February 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
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
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Pricing Supplement No. 2123
Dated January 17, 1995
Rule 424(b)(3)-Registration Statement
No. 33-54009
Additional Terms:
Interest.
Interest on the Notes will accrue from February 8, 1995 and will
be payable in U.S. dollars semiannually on each February 8 and
August 8, commencing August 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 8.00% per annum from and
including the Original Issue Date up to but excluding February
8, 1996. Thereafter, the interest rate will be subject to
adjustment annually on each February 8 in accordance with the
following schedule:
Interest Period Interest Rate
February 8, 1996 to February 8, 1997 8.05% per annum
February 8, 1997 to February 8, 1998 8.10% per annum
February 8, 1998 to February 8, 1999 8.20% per annum
February 8, 1999 to February 8, 2000 8.30% per annum
February 8, 2000 to February 8, 2001 8.40% per annum
February 8, 2001 to February 8, 2002 8.50% per annum
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. 2123
Dated January 17, 1995
Rule 424(b)(3)-Registration Statement
No. 33-54009
Optional Redemption.
The Company may at its option elect to redeem the Notes in whole
or in part on February 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 Notes will be sold to the public at varying
prices to be determined by the Underwriter at the time of each
sale. 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.
