PROSPECTUS Pricing Supplement No. 2478
Dated January 10, 1995 Dated August 24, 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: August 24, 1995
Settlement Date (Original Issue Date): August 29, 1995
Maturity Date: August 29, 2007
Principal Amount (in Specified Currency): US$25,000,000
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$25,000,000
Interest Rate Per Annum: 7.25%
Interest Payment Date(s):
__ March 15 and September 15 of each year
X Other: Monthly on the 29th of each month, commencing
September 29, 1995
Form of Notes:
X DTC registered
__ non-DTC registered
Repayment, Redemption and Acceleration:
Initial Redemption Date: August 29, 1996 (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
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. 2478
Dated August 24, 1995
Rule 424(b)(3)-Registration Statement
No. 33-55209
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
Additional Terms:
Interest.
The Notes will accrue interest at the rate of 7.25% per annum
which will be payable on the 29th day of each month, commencing
September 29, 1995 (each, an "Interest Payment Date"). Interest
will be calculated and paid based on the number of days in the
period in respect of which payment is being made 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 will
remain constant irrespective of the actual number of days that
have elapsed since the preceding monthly Interest Payment Date
or the Original Issue Date (in the case of the first Interest
Payment Date).
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(Fixed Rate Notes)
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Pricing Supplement No. 2478
Dated August 24, 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 August 29, 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 Lehman 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.
