PROSPECTUS Pricing Supplement No. 2361
Dated January 10, 1995 Dated May 22, 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: May 22, 1995
Settlement Date (Original Issue Date): May 26, 1995
Maturity Date: May 27, 1997
Principal Amount (in Specified Currency): $100,000,000
Price to Public (Issue Price): 100.000%
Agent's Discount or Commission: 0.0090%
Net Proceeds to Issuer (in Specified Currency): $99,991,000
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 2.63%
Spread Multiplier: N/A
Index Maturity: N/A
Index Currency: 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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(Floating Rate Notes)
Page 2
Pricing Supplement No. 2361
Dated May 22, 1995
Rule 424(b)(3)-Registration Statement
No. 33-55209
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
Interest Payment Period: Quarterly
Interest Payment Dates: Each August 26, November 26, February
26 and May 26,commencing August 26, 1995 and on the Maturity
Date.
Initial Interest Rate Per Annum: To be determined one Business
Day prior to the Original Issue Date based upon application of
the interest rate formula.
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
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(Floating Rate Notes)
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Pricing Supplement No. 2361
Dated May 22, 1995
Rule 424(b)(3)-Registration Statement
No. 33-55209
Indexed Notes:
Currency Base Rate: N/A
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 August 26, November 26, February 26
and May 26, commencing on August 26, 1995 and on the Maturity Date
(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
<PAGE>
(Floating Rate Notes)
Page 4
Pricing Supplement No. 2361
Dated May 22, 1995
Rule 424(b)(3)-Registration Statement
No. 33-55209
center banks in the 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).
Morgan Guaranty Trust Company will act as Calculation Agent for
the Notes.
Plan of Distribution:
The Notes are being distributed by J.P. Morgan Securities, Inc.,
as agent (the "Agent"), at the Issue Price set forth on the cover
page hereof. The Agent will receive a selling commission equal to
0.0090%.
