PROSPECTUS Pricing Supplement No. 2299
Dated January 10, 1995 Dated April 11, 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: April 11, 1995
Settlement Date (Original Issue Date): April 25, 1995
Maturity Date: April 25, 2005 (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$25,000,000
Interest:
Interest Rate:The Notes will pay interest at the rate of 7.400%
per annum for the period from the original issue date up
to but excluding the second Interest Payment Date
scheduled to occur on April 25, 1996; thereafter, the
interest rate on the Notes will reset annually on each
April 25 in accordance with the schedule set forth under
"Additional Terms--Interest" below.
Interest Payment Period:
__ Annual X Semi-Annual __ Monthly __ Quarterly
Interest Payment Dates: Each April 25 and October 25, commencing
on October 25, 1995 up to and including the Maturity Date
unless earlier redeemed. See "Additional Terms--
Interest" below.
Repayment, Redemption and Acceleration:
Initial Redemption Date: April 25, 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
<PAGE>
(Redeemable Step Up Coupon Notes)
Page 2
Pricing Supplement No. 2299
Dated April 11, 1995
Rule 424(b)(3)-Registration Statement
No. 33-55209
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
Additional Terms:
Interest.
Interest on the Notes will accrue from April 25, 1995 and will
be payable in U.S. dollars semiannually on each April 25 and
October 25, commencing October 25, 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 7.400% per annum from and
including the Original Issue Date up to but excluding April 25,
1996. Thereafter, the interest rate will be subject to
adjustment annually on each April 25 in accordance with the
following schedule:
<PAGE>
(Redeemable Step Up Coupon Notes)
Page 3
Pricing Supplement No. 2299
Dated April 11, 1995
Rule 424(b)(3)-Registration Statement
No. 33-55209
Interest Period Interest Rate
April 25, 1996 to April 24, 1997 7.500% per annum
April 25, 1997 to April 24, 1998 7.600% per annum
April 25, 1998 to April 24, 1999 7.700% per annum
April 25, 1999 to April 24, 2000 8.000% per annum
April 25, 2000 to April 24, 2001 8.150% per annum
April 25, 2001 to April 24, 2002 8.400% per annum
April 25, 2002 to April 24, 2003 9.000% per annum
April 25, 2003 to April 24, 2004 10.000% per annum
April 25, 2004 to April 24, 2005 11.000% 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.
Optional Redemption.
The Company may at its option elect to redeem the Notes in whole
or in part on April 25, 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 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 Company has agreed to indemnify the Underwriter against and
contribute toward certain liabilities, including liability under
the Securities Act of 1933, as amended.
