PROSPECTUS Pricing Supplement No. 2485
Dated January 10, 1995 Dated August 28, 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: August 28, 1995
Settlement Date (Original Issue Date): August 31, 1995
Maturity Date: August 29, 1997
Principal Amount (in Specified Currency): US$25,000,000
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 Rate:
Interest Calculation:
X Regular Floating Rate
__ Inverse Floating Rate
__ Other Floating Rate
Interest Rate Basis: __ CD Rate __ Commercial Paper Rate
X Federal Funds Rate
__ LIBOR __ Prime Rate __ Treasury Rate
__ Other (See "Additional Terms--Interest" below).
Spread (Plus or Minus): plus 0.150%
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
Interest Payment Dates: Each November 28, February 28, May 28
and August 28, commencing November 28, 1995 and ending on the
Maturity Date.
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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(Floating Rate Notes)
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Pricing Supplement No. 2485
Dated August 28, 1995
Rule 424(b)(3)-Registration Statement
No. 33-55209
Initial Interest Rate Per Annum: The interest rate applicable
to the period from and including the Original Issue Date to but
excluding the first Interest Reset Date shall be 5.85%.
Interest Reset Periods and Dates: Weekly, on each Tuesday and
on each Interest Payment Date.
Interest Determination Dates: The Friday immediately preceding
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
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(Floating Rate Notes)
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Pricing Supplement No. 2485
Dated August 28, 1995
Rule 424(b)(3)-Registration Statement
No. 33-55209
Additional Terms:
Interest.
The interest rate applicable to each weekly Interest Reset
Period will equal the Federal Funds Rate (as defined below) plus
the Spread set forth on the cover page of this Pricing
Supplement. Interest will be payable quarterly on each November
28, February 28, May 28 and August 28, commencing on November
28, 1995 and on the Maturity Date (each, an "Interest Payment
Date"). Interest will reset on each Tuesday and on each
Interest Payment Date (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 Friday immediately preceding such 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.
"Federal Funds Rate" means, with respect to an Interest Reset
Date, the rate (expressed as a percentage per annum) that
appears opposite the caption "Federal Funds FRB-H.15" for the
seven- day period ending on the Interest Determination Date
pertaining to such Interest Reset Date on Telerate Page 122 (as
defined below) as of 11:00 a.m., New York City time, on such
Interest Determination Date; if such rate is not available on
Telerate Page 122 for any Interest Determination Date, than the
"Fed Funds Rates" for the related Interest Reset Date shall be
the "Federal Funds (effective) Week Ending" rate applicable to
such Interest Determination Date as published in Federal Reserve
Statistical Release H.15(519); if such rate is not available on
Telerate Page 122 or H.15(519) for any Interest Determination
Date, than the rate shall be determined by the Calculation Agent
based upon the arithmetic mean of the rates for the last
transaction in overnight United States dollar Federal funds as
of 9:00 a.m., New York City time, on such Interest Determination
Date arranged by three leading brokers of Federal funds
transactions in The City of New York selected by the Calculation
Agent; provided, however, that if the brokers selected as
aforesaid by the Calculation Agent are not quoting as set forth
above, the Federal Funds Rate with respect to such Interest
Determination Date shall be the Federal Funds Rate in effect on
such Interest Determination Date.
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(Floating Rate Notes)
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Pricing Supplement No. 2485
Dated August 28, 1995
Rule 424(b)(3)-Registration Statement
No. 33-55209
"Telerate Page 122" means the display designated as "Page 122"
on the Telerate Service (or such other page as may replace Page
122 on that service or such other service as may be nominated as
the information vendor for the purpose of displaying Federal
funds rates).
Salomon Brothers Inc shall act as the Calculation Agent for the
Notes.
Plan of Distribution:
The Notes are being distributed by Salomon Brothers Inc, as
agent (the "Agent"), at the Issue Price set forth on the cover
page hereof.