PROSPECTUS Pricing Supplement No. 2868
Dated January 10, 1995 Dated July 18, 1996
PROSPECTUS SUPPLEMENT Rule 424(b)(3)-Registration Statement
No. 33-60723
Dated January 25, 1995
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Redeemable Fixed Rate Notes)
Trade Date: July 18, 1996
Settlement Date (Original Issue Date): July 23, 1996
Maturity Date: July 25, 2011 (subject to earlier redemption, as
set forth under "Additional Terms-Redemption")
Principal Amount (in Specified Currency): US$20,000,000
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$20,000,000
Interest Rate Per Annum: 7.55%
Interest Payment Date(s):
__ March 15 and September 15 of each year
X Other: Monthly on the 25th day of each month, commencing on
August 25, 1996 (with respect to the period from and
including July 23, 1996 to but excluding August 25, 1996)
(each period from and including an Interest Payment Date or
the Original Issue Date, as the case may be, to but
excluding the next succeeding Interest Payment Date are
referred to herein as an "Interest Period")
Form of Notes:
X DTC registered
__ non-DTC registered
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. 2868
Dated July 18, 1996
Rule 424(b)(3)-Registration Statement
No. 33-60723
Repayment, Redemption and Acceleration
Initial Redemption Date: July 25, 1997, and thereafter on any
Interest Payment Date (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
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:
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(Fixed Rate Notes)
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Pricing Supplement No. 2868
Dated July 18, 1996
Rule 424(b)(3)-Registration Statement
No. 33-60723
Interest.
Accrued interest on the Notes for each Interest Period (other
than the Interest Period commencing on the Original Issue Date
(the "Initial Payment Period") shall be calculated as described
in the Prospectus Supplement under the caption "Interest and
Interest Rate-Fixed Rate Notes." Accrued interest on the Notes
for each subsequent Interest Period shall be calculated and paid
based on the number of days in such Period 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 (other
than the Interest Payment Date with respect to the Initial
Interest Period) will remain constant irrespective of the actual
number of days that have elapsed since the preceding Interest
Payment Date.
Optional Redemption.
The Company may at its option elect to redeem the Notes in whole
on July 25, 1997 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.
General
At March 30, 1996, the Company had outstanding indebtedness
totalling $109.096 billion, consisting of notes payable within
one year, senior notes payable after one year and subordinated
notes payable after one year. The total amount of outstanding
indebtedness at March 30, 1996 excluding subordinated notes
payable after one year was equal to $108.399 billion.
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(Fixed Rate Notes)
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Pricing Supplement No. 2868
Dated July 18, 1996
Rule 424(b)(3)-Registration Statement
No. 33-60723
Plan of Distribution:
The Notes are being purchased by Lehman Brothers Inc. (the
"Underwriter"), as principal, at the Issue Price of 100.00% 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.
