PROSPECTUS Pricing Supplement No. 2523
Dated January 10, 1995 Dated September 14, 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$25,000,000
Trade Date: September 14, 1995
Settlement Date (Original Issue Date): September 20, 1995
Maturity Date: September 20, 2010 (unless earlier redeemed as
described under "Additional Terms--Optional Redemption" below.)
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 (in Specified Currency): US$25,000,000
Interest:
Interest Rate: The Notes will pay interest at the rate of 7.00%
per annum for the period from the Original Issue Date up to but
excluding the Interest Payment Date scheduled to occur on
September 20, 2000; thereafter, the interest rate on the Notes
will reset annually on each September 20 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
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. 2523
Dated September 14, 1995
Rule 424(b)(3)-Registration Statement
No. 33-55209
Interest Payment Period:
__ Annual __ Semi-Annual X Monthly __ Quarterly
Interest Payment Dates: Monthly, commencing October 20, 1995 up
to and including the Maturity Date unless earlier redeemed. See
"Additional Terms--Interest" below.
Repayment, Redemption and Acceleration:
Initial Redemption Date: September 20, 1996 (See "Additional
Terms--Redemption" below)
Initial Redemption Percentage: 100%
Optional Repayment Date: Not applicable ("N/A")
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
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. 2523
Dated September 14, 1995
Rule 424(b)(3)-Registration Statement
No. 33-55209
Additional Terms:
Interest.
Interest on the Notes will accrue from September 20, 1995 and
will be payable in U.S. dollars monthly, commencing October 20,
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 7.00% per annum from and including the Original
Issue Date up to but excluding September 20, 2000. Thereafter,
the interest rate will be subject to adjustment annually on each
August 17 in accordance with the following schedule:
Interest Period Interest Rate
(per annum)
September 20, 2000 to September 19, 2001 7.05%
September 20, 2001 to September 19, 2002 7.10%
September 20, 2002 to September 19, 2003 7.15%
September 20, 2003 to September 19, 2004 7.25%
September 20, 2004 to September 19, 2005 7.35%
September 20, 2005 to September 19, 2006 7.50%
September 20, 2006 to September 19, 2007 7.65%
September 20, 2007 to September 19, 2008 7.75%
September 20, 2008 to September 19, 2009 8.00%
September 20, 2009 to September 19, 2010 9.00%
The amount of interest payable on each Interest Payment Date
will be computed on the basis of a 360 day year consisting of
twelve thirty ___ day months for the actual number of days
elapsed.
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Pricing Supplement No. 2523
Dated September 14, 1995
Rule 424(b)(3)-Registration Statement
No. 33-55209
Optional Redemption.
The Company may at its option elect to redeem the Notes in whole
or in part on September 20, 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 fixed rates that change annually
starting on September 20, 2000 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 Lehman 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 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 and
contribute toward certain liabilities, including liability under
the Securities Act of 1933, as amended.
