PROSPECTUS Pricing Supplement No. 2829
Dated January 10, 1995 Dated April 25, 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 Down Coupon Notes)
Trade Date:April 25, 1996
Settlement Date (Original Issue Date): April 30, 1996
Maturity Date: May 1, 2011 (subject to earlier redemption, as set
forth below under "Additional Terms-Redemption")
Principal Amount (in Specified Currency):US$20,000,000
Price to Public (Issue Price): 100.00%
Agent's Discount or Commission: 0.125%
Net Proceeds to Issuer: US$20,000,000
Interest Rate Per Annum: 8.250% for the period from and including
April 30, 1996 to but excluding April 30, 1997; thereafter, 7.250%
per annum for the period from and including April 30, 1997 up to
but excluding the Maturity Date or date of earlier redemption.
Interest Payment Date(s):
__ March 15 and September 15 of each year
X Other: Semi-Annually on April 30 and October 30, commencing
October 30, 1996, and ending on the Maturity Date (with
respect to the period from and including the preceding
Interest Payment Date on October 30, 2010 to but excluding
the Maturity Date) or date of earlier redemption.
Repayment, Redemption and Acceleration:
Initial Redemption Date: April 30, 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
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.
<PAGE>
(Fixed Rate Notes)
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Pricing Supplement No. 2829
Dated April 25, 1996
Rule 424(b)(3)-Registration Statement
No. 33-60723
Form of Notes:
X DTC registered
__ non-DTC registered
Original Issue Discount:
Amount of OID: N/A
Yield to Maturity: N/A
Interest Accrual Date: N/A
Initial Accrual Period OID: 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.
Interest on the Notes will accrue from and including April 30,
1996 and will be payable in U.S. dollars semi-annually on April
30 and October 30 each year, commencing October 30, 1996 and on
the Maturity Date (with respect to the period from and including
the preceding October 30, 2010 up to but excluding the Maturity
Date) (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
8.250% per annum from and including the Original Issue Date up
to but excluding April 30, 1997; thereafter, the interest rate
will be adjusted to 7.250% per annum from and including April
30, 1997 to but excluding the Maturity Date or date of earlier
redemption.
<PAGE>
(Fixed Rate Notes)
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Pricing Supplement No. 2829
Dated April 25, 1996
Rule 424(b)(3)-Registration Statement
No. 33-60723
Optional Redemption.
The Company may at its option elect to redeem the Notes in whole
on April 30, 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 December 31, 1995, the Company had outstanding indebtedness
totalling $107.755 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 December 31, 1995 excluding subordinated notes
payable after one year was equal to $107.058 billion.
Plan of Distribution:
The Notes are being purchased by Goldman, Sachs & Co. (the
"Underwriter"), as principal, at 100% of the aggregate principal
amount, less an underwriting discount equal to 0.125% of the
principal amount of the Notes.
The Company has agreed to indemnify the Underwriter against
certain liabilities, including liabilities under the Securities
Act of 1933, as amended.
