PROSPECTUS Pricing Supplement No. 2538
Dated January 10, 1995 Dated September 22, 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
(Fixed Rate Notes)
Trade Date: September 22, 1995
Settlement Date (Original Issue Date): September 27, 1995
Maturity Date: September 27, 2010
Principal Amount (in Specified Currency): US$20,000,000
Price to Public (Issue Price): The Notes are being purchased by
the Underwriter at 100.00% 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 any discounts, commissions or
profits on resales of Notes that may be deemed underwriting
discounts or commissions, see "Plan of Distribution" below.
Agent's Discount or Commission: The Notes will be sold at varying
prices to be determined by the Underwriter at the time of each
sale.
Net Proceeds to Issuer: US$20,000,000
Interest Rate Per Annum: 7.25%
Interest Payment Date(s):
__ March 15 and September 15 of each year
X Other: Monthly on the 27th of each month, commencing
October 27, 1995 (each period from and including an
Interest Payment Date or the Original Issue Date, as the
case may be, to but excluding the next succeeding Interest
Payment Date being referred to as an "Interest Payment
Period")
Form of Notes:
X DTC registered
__ non-DTC registered
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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(Fixed Rate Notes)
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Pricing Supplement No. 2538
Dated September 22, 1995
Rule 424(b)(3)-Registration Statement
No. 33-55209
Repayment, Redemption and Acceleration:
Initial Redemption Date: September 27, 1996, and thereafter on any
Interest Payment Date (See "Additional Terms--Redemption"
below)
Initial Redemption Percentage: 100%
Optional Repayment Date: Not applicable ("N/A")
Annual Redemption Percentage Reduction: N/A
Modified Payment Upon Acceleration: N/A
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
Option Value Calculation Agent: N/A
Option Election Date(s): N/A
Indexed Notes:
Currency Base Rate: N/A
Determination Agent: N/A
<PAGE>
(Fixed Rate Notes)
Page 3
Pricing Supplement No. 2538
Dated September 22, 1995
Rule 424(b)(3)-Registration Statement
No. 33-55209
Additional Terms:
Interest.
Accrued interest on the Notes for the Interest Payment Period
commencing on September 27, 1995 (the "Initial Interest Payment
Period") shall be calculated as described in the Prospectus
Supplement under the caption "Interest and Interest Rates-Fixed
Rate Notes." Accrued interest on the Notes for each subsequent
Interest Payment Period shall be calculated and paid based on
the number of days in such Period divided by 360 (the number of
days in such Period 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 (other than the
Interest Payment Date relating to the Initial Interest Payment
Period) will remain constant irrespective of the actual number
of days that have elapsed since the preceding Interest Payment
Date.
Optional Redemption.
The Company may at its option elect to redeem the Notes in whole
or in part on September 27, 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.
Plan of Distribution:
The Notes are being purchased by Salomon Brothers Inc (the
"Underwriter"), as principal, at 100% of the aggregate principal
amount.
The Underwriter has advised the Company that the Underwriter
proposes to offer the Notes from time to time for sale in
negotiated transactions or otherwise, at prices determined at
the time of sale.
The Company has agreed to indemnify the Underwriter against
certain liabilities, including liabilities under the Securities
Act of 1933, as amended.
