PROSPECTUS Pricing Supplement No. 2798
Dated January 10, 1995 Dated February 26, 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 Step Up Coupon Notes)
Principal Amount: US$20,000,000
Trade Date: February 26, 1996
Settlement Date (Original Issue Date):February 29, 1996
Maturity Date: March 1, 2011 (unless earlier redeemed as described
under "Additional Terms--Optional Redemption" below.)
Price to Public (Issue Price):100.00%
Agent's Discount or Commission: 0.125%
Net Proceeds to Issuer (in Specified Currency): US$19,975,000
Interest:
Interest Rate: The Notes will pay interest at the rate of 6.80%
per annum for the period from the Original Issue Date up to but
excluding the Interest Payment Date scheduled to occur on March
1, 1997 (with respect to the period from and including February
19, 1996 to but excluding March 1, 1997); thereafter, the
interest rate on the Notes will reset annually on each March 1
in accordance with the schedule set forth under "Additional
Terms--Interest" below.
Interest Payment Period:
__ Annual X Semi-Annual __ Monthly __ Quarterly
Interest Payment Dates: September 1 and March 1 of each year,
commencing September 1, 1996 (with respect to the period from
and including February 29, 1996 to but excluding September 1,
1996), up to and including the Maturity Date, unless earlier
redeemed. See "Additional Terms--Interest" below.
POTENTIAL PURCHASERS OF THE NOTES ARE URGED TO READ THIS PRICING
SUPPLEMENT THOROUGHLY TOGETHER WITH THE ACCOMPANYING PROSPECTUS
DATED JANUARY 10, 1995 AND PROSPECTUS SUPPLEMENT DATED JANUARY 25,
1995. SEE "CERTAIN INVESTMENT CONSIDERATIONS"
HEREIN.
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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Pricing Supplement No. 2798
Dated February 26, 1996
Rule 424(b)(3)-Registration Statement
No. 33-60723
Repayment, Redemption and Acceleration:
Initial Redemption Date: March 1, 1997 (See "Additional Terms-
-Redemption" below)
Initial Redemption Percentage: 100%
Optional Repayment Date: Not applicable ("N/A")
Form of Notes:
X DTC registered
__ non-DTC registered
The Notes will be available in denominations of $1,000 and
increments of $1,000 in excess thereof.
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
Indexed Notes:
Currency Base Rate: N/A
Additional Terms:
Interest.
Interest on the Notes will accrue from February 29, 1996 and
will be payable in U.S. dollars semi-annually on September 1 and
March 1 of each year, commencing September 1, 1996 up to and
including the Maturity Date or date of earlier redemption (each,
an "Interest Payment Date"). Interest will accrue from and
including each Interest Payment Date to but excluding the next
succeeding Interest Payment Date. In the event an Interest
Payment Date falls on a day other than a Business Day, interest
will be paid on the next succeeding Business Day and no interest
on such payment shall accrue for the period from and after such
Interest Payment Date to such next succeeding Business Day. The
interest rate on the Notes will be equal to 6.80% per annum from
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Pricing Supplement No. 2798
Dated February 26, 1996
Rule 424(b)(3)-Registration Statement
No. 33-60723
and including the Original Issue Date up to but excluding March
1, 1997. Thereafter, the interest rate will be subject to
adjustment annually on each March 1 in accordance with the
following schedule:
Interest Period Interest Rate
(per annum)
March 1, 1997 to February 28, 1998 6.850%
March 1, 1998 to February 28, 1999 6.900%
March 1, 1999 to February 29, 2000 6.950%
March 1, 2000 to February 28, 2001 7.000%
March 1, 2001 to February 28, 2002 7.050%
March 1, 2002 to February 28, 2003 7.100%
March 1, 2003 to February 29, 2004 7.150%
March 1, 2004 to February 28, 2005 7.200%
March 1, 2005 to February 28, 2006 7.250%
March 1, 2006 to February 28, 2007 7.300%
March 1, 2007 to February 29, 2008 7.350%
March 1, 2008 to February 28, 2009 7.500%
March 1, 2009 to February 28, 2010 7.750%
March 1, 2010 to February 28, 2011 8.250%
Optional Redemption.
The Company may at its option elect to redeem the Notes in whole
on March 1, 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.
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Pricing Supplement No. 2798
Dated February 26, 1996
Rule 424(b)(3)-Registration Statement
No. 33-60723
Certain Investment Considerations:
Prospective purchasers of the Notes should be aware that the
Notes will pay interest at different fixed rates each year
through the Maturity Date unless earlier redeemed by the
Company. Prospective purchasers should also be aware that the
Company has the option to redeem the Notes on any Optional
Redemption Date and will be likely to elect to redeem the Notes
in the event prevailing market interest rates are lower than the
then-current interest rate on the Notes.
Additional Terms:
General
At September 30, 1995, the Company had outstanding indebtedness
totalling $100.241 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 September 30, 1995 excluding subordinated notes
payable after one year was equal to $99.544 billion.
Plan of Distribution:
The Notes are being purchased by Goldman, Sachs & Co.
(hereinafter referred to as the "Underwriter") as principal at
a issue price of 100% of the aggregate principal amount of the
Notes, less an underwriting discount equal to 0.125%.
The Company has agreed to indemnify the Underwriter against and
contribute toward certain liabilities, including liability under
the Securities Act of 1933, as amended.
