PROSPECTUS Pricing Supplement No. 2350
Dated January 10, 1995 Dated May 11, 1995
PROSPECTUS SUPPLEMENT Rule 424(b)(3)-Registration Statement
Dated January 25, 1995 No. 33-55209
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Floating Rate Notes)
Trade Date: May 11, 1995
Settlement Date (Original Issue Date): May 18, 1995
Maturity Date: May 18, 1998
Principal Amount (in Specified Currency): US$45,000,000
Price to Public (Issue Price): 100.00%
Agent's Discount or Commission: 0.00%
Net Proceeds to Issuer (in Specified Currency): US$45,000,000
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 ___ LIBOR ___ Prime Rate
___ Treasury Rate
X Other: 10-Year CMT Rate (as described below under
"Additional Terms--Interest")
Spread (Plus or Minus): minus 0.80%
Spread Multiplier: N/A
Index Maturity: N/A
Index Currency: N/A
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
Interest Payment Period: Quarterly
Interest Payment Dates: Each August 18, November 18, February 18
and May 18, commencing August 18, 1995
Initial Interest Rate Per Annum: To be determined two Business
Days prior to the Original Issue Date based on the 10-Year CMT
Rate minus 0.80%
Interest Reset Periods and Dates: Quarterly, on each Interest
Payment Date
Interest Determination Dates: Two Business Days prior to each
Interest Reset Date
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.<PAGE>
(Floating Rate Notes)
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Pricing Supplement No. 2350
Dated May 11, 1995
Rule 424(b)(3)-Registration Statement
No. 33-55209
Form of Notes:
___ 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
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:
Interest on the Notes will be payable in U.S. dollars quarterly
in arrear on the Interest Payment Dates set forth above. The
interest rate will be adjusted quarterly on each Interest Reset
Date pertaining to an Interest Reset Period and will be a per annum
rate determined two Business Days prior to each Interest Reset Date
(each, an "Interest Determination Date") and will be equal to the
10-Year CMT Rate (as defined below) minus 0.80%.
As used herein, the following terms will have the following
meanings:
<PAGE>
(Floating Rate Notes)
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Pricing Supplement No. 2350
Dated May 11, 1995
Rule 424(b)(3)-Registration Statement
No. 33-55209
"10-Year CMT Rate" means, with respect to any Interest Reset
Date, (i) the rate as published in H.15(519) (as defined below)
appearing on Telerate Screen Page 7051 (as defined below), under
the heading "DAILY TREASURY CONSTANT MATURITIES FROM THE ECONOMIC
BULLETIN BOARD" under the caption "10-YR" as at 3:45 p.m. New York
time, on the day that is two Business Days prior to such Interest
Reset Date; (ii) in the event that the H.15(519) rate is not
published, the Calculation Agent shall obtain bid quotations for
the U.S. Government Treasury Note closest to ten years maturity
from three U.S. Government Treasury dealers (the "Reference
Dealers") (such quotations to be rounded to 5 decimal places) and
the 10-Year CMT Rate will equal the arithmetic mean of the
quotations so obtained, or the single rate quoted, as the case may
be; and (iii) if none of the Reference Dealers are quoting as
described in (ii) above, the 10-Year CMT Rate will be the last
available rate appearing on Telerate Screen Page 7051 under te
heading and caption described in (i) above.
"H.15(519)" means the weekly statistical release designated as
such, published by the Board of Governors of the Federal Reserve
System.
"Business Day" means any day other than a Saturday or Sunday or
a day on which the Federal Reserve Bank of New York is closed, or,
with respect to any payment on a Note, a day on which the Federal
Reserve Bank maintaining the book-entry account with respect to
such Note is closed.
"Telerate Screen Page 7051" means the display designated as "Page
7051" on the Telerate Service (or such other page as may replace
Page 7051 on such service or such other service for the purpose of
displaying constant maturity treasury rates).
Accrued interest on any Note from May 18, 1995 or the last
preceding Interest Payment Date, as the case may be, is calculated
by multiplying the principal amount of such Note by an accrued
interest factor. The accrued interest factor is computed by adding
the interest factors calculated for each day form May 18, 1995 or
the last preceding Interest Payment Date, as the case may be, to
the date for which accrued interest is being calculated. The
interest factor for each such day will be computed by dividing the
interest rate applicable to such day by the actual number of days
in the year in which such date falls. The amount of interest
payable on any Note on any Interest Payment Date will be equal to
the amount of accrued interest to but excluding such Interest
Payment Date determined using the applicable accrued interest
factor.
The Calculation Agent for the Notes will be Credit Suisse
Financial Products.
<PAGE>
(Floating Rate Notes)
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Pricing Supplement No. 2350
Dated May 11, 1995
Rule 424(b)(3)-Registration Statement
No. 33-55209
Plan of Distribution
CS First Boston Corporation is acting as agent in connection
with the distribution of the Notes.
