PROSPECTUS Pricing Supplement No. 2378
Dated January 10, 1995 Dated June 6, 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
(Floating Rate Notes)
Trade Date: June 6, 1995
Settlement Date (Original Issue Date): June 9, 1995
Maturity Date: June 9, 1997
Principal Amount (in Specified Currency): US$25,000,000
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 100.00% 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 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 X Prime Rate __ Treasury Rate
__ Other (See "Additional Terms--Interest below).
Spread (Plus or Minus): minus 2.75%
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
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)
Page 2
Pricing Supplement No. 2378
Dated June 6, 1995
Rule 424(b)(3)-Registration Statement
No. 33-55209
Interest Payment Dates: Each September 9, December 9, March 9
and June 9, commencing September 9, 1995
Initial Interest Rate Per Annum: To be determined one Business
Day prior to the Original Issue Date based upon the Prime Rate
minus the Spread.
Interest Reset Periods and Dates: Daily, on each Business Day
Interest Determination Dates: One Business Day prior to each
Interest Reset Date
Form of Notes:
X 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
<PAGE>
(Floating Rate Notes)
Page 3
Pricing Supplement No. 2378
Dated June 6, 1995
Rule 424(b)(3)-Registration Statement
No. 33-55209
Additional Terms:
Interest.
The interest rate applicable to each daily Interest Reset Period
will equal the Prime Rate (as defined below) minus the Spread
set forth on the cover page of this Pricing Supplement.
Interest will be payable quarterly on each September 9, December
9, March 9 and June 9, commencing September 9, 1995 (each, an
"Interest Payment Date"). Interest will reset each Business Day
(each, an "Interest Reset Date") from the Original Issue Date up
to but excluding the Maturity Date. The Interest Determination
Date with respect to an Interest Reset Date will be one Business
Day prior to each Interest Reset Date. Interest payments on the
Notes will equal the amount of interest accrued from and
including the next preceding Interest Payment Date in respect of
which interest has been paid (or from and including the Original
Issue Date, if no interest has been paid with respect to the
Notes) to but excluding the related Interest Payment Date.
"Prime Rate" means, with respect to any Interest Reset Date, the
rate (expressed on the basis of the actual number of days in the
year divided by 360) appearing on Telerate Page 125 (as defined
below) as of 11:00 a.m., New York City time, on the related
Interest determination Date under the heading "Bank Prime Rate
History". If Telerate Page 125 is not available for such
Interest Determination Date, then the Prime Rate for the related
Interest Reset Date shall be the rate appearing in the Federal
Reserve Statistical Release H.15(519) opposite the caption "Bank
Prime Loan" for such Interest Determination Date. If Telerate
Page 125 and the Federal Reserve Statistical Release H.15(519)
are not available for any Interest Determination Date, the Prime
Rate applicable to such Interest Reset Date shall be the
arithmetic mean of the rates appearing on Telerate Page 38 (as
defined below) as of 11:00 a.m., New York City time, on such
Interest Determination Date under the heading "Prime Rates-Top
30 U.S. Banks". If Telerate Page 125, the Federal Reserve
Statistical Release H.15(519) and Telerate Page 38 are
unavailable for any Interest Determination Date with respect to
an Interest Reset Date, then the Prime Rate will be based on the
arithmetic mean of the prime rates or base lending rates (quoted
on the basis of the actual number of days in the year divided by
a 360 day year) quoted by three major money center banks in the
<PAGE>
(Floating Rate Notes)
Page 4
Pricing Supplement No. 2378
Dated June 6, 1995
Rule 424(b)(3)-Registration Statement
No. 33-55209
City of New York selected by the Calculation Agent; provided,
however, that if fewer than three banks selected as aforesaid by
the Calculation Agent are quoting as described in this sentence,
the Prime Rate applicable to such Interest Reset Date shall be
the Prime Rate in effect on such Interest Reset Date. "Telerate
Page 125" and "Telerate Page 38" mean the display pages
designated as "Page 125" and "Page 38", respectively, on the Dow
Jones Telerate Service (or such other pages as may replace such
pages on that service, or such other service as may be nominated
as the information vendor for the purposes of displaying rates
comparable to the Prime Rate).
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 100.00% 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
certain liabilities, including liabilities under the Securities
Act of 1933, as amended.
