PROSPECTUS Pricing Supplement No. 2742
Dated January 10, 1995 Dated January 30, 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
(Fixed Rate/Floating Rate Notes)
Trade Date: January 30, 1996
Settlement Date (Original Issue Date): February 2, 1996
Maturity Date: February 2, 1998
Principal Amount (in Specified Currency): US$100,000,000
Price to Public (Issue Price): 100.00%
Agent's Discount or Commission: 0.053%
Net Proceeds to Issuer (in Specified Currency): US$99,947,000
Interest Rate:
The Notes will pay interest at a fixed rate during the period
from and including the Original Issue Date set forth above to
but excluding February 3, 1997 (the "Fixed Rate Period") as
described herein under "Additional Terms--Interest--Fixed Rate
Period". Interest will be payable at a floating rate during the
period from and including February 3, 1997 to but excluding the
Maturity Date as described herein under "Additional Terms--
Interest--Floating Rate Period".
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
Amortizing Notes:
Amortization Schedule: N/A
Indexed Notes:
Currency Base Rate: 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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(Fixed Rate/Floating Rate Notes)
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Pricing Supplement No. 2742
Dated January 30, 1996
Rule 424(b)(3)-Registration Statement
No. 33-60723
Dual Currency Notes:
Face Amount Currency: N/A
Optional Payment Currency: N/A
Designated Exchange Rate: N/A
Additional Terms:
Interest.
The following description of the terms of the Notes offered
hereby supplements, and to the extent inconsistent with
replaces, the description of the general terms and provisions of
the Notes set forth in the accompanying Prospectus dated January
10, 1995 and Prospectus Supplement dated January 25, 1995.
* Fixed Rate Period.
Interest on the Notes is payable at a fixed rate of 5.130% per
annum during the period from and including the Original Issue
Date set forth above to but excluding February 3, 1997 (the
"Fixed Rate Period"). During the Fixed Rate Period, interest
will be payable semiannually on March 15, 1996 (with respect to
the period from and including the Original Issue Date to but
excluding March 15, 1996), on September 15, 1996 and on February
3, 1997 (with respect to the period from and including September
15, 1996 to but excluding February 3, 1997 (each such date, a
"Fixed Rate Interest Payment Date"). During the Fixed Rate
Period, the amount of interest payable on any Fixed Rate
Interest Payment Date will be calculated and paid as described
in the Prospectus Supplement under the caption "DESCRIPTION OF
NOTES--Fixed Rate Notes".
Floating Rate Period.
Interest on the Notes is payable at a floating rate during the
period from and including February 3, 1997 to but excluding the
Maturity Date (the "Floating Rate Period"). During the Floating
Rate Period, interest will be payable quarterly on May 3, 1997,
August 3, 1997, November 3, 1997 and February 2, 1998 (with
respect to the period from and including November 3, 1997 to but
excluding the Maturity Date)(each such date, a Floating Rate
Interest Payment Date"). The period from and including a
Floating Rate Interest Payment Date to but excluding the next
succeeding Floating Rate Interest Payment Date is referred to
herein as an "Interest Period". During the Floating Rate Period,
<PAGE>
(Fixed Rate/Floating Rate Notes)
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Pricing Supplement No. 2742
Dated January 30, 1996
Rule 424(b)(3)-Registration Statement
No. 33-60723
interest will be calculated and paid as described in the
Prospectus Supplement under the caption "DESCRIPTION OF NOTES--
Floating Rate Notes--LIBOR Notes based upon LIBOR (having an
Index Maturity of three months and an Index Currency of U.S.
Dollars) less a Spread of 0.05%.
The interest rate applicable to each Interest Period during the
Floating Rate Period will be determined two Business Days prior
to the commencement of such period (each such date, an "Interest
Determination Date") based upon the interest rate formula set
forth in the preceding paragraph. The amount of accrued
interest payable on any Floating Rate Interest Payment Date will
be determined as described under "DESCRIPTION OF NOTES--Floating
Rate Notes" in the accompanying Prospectus Supplement as
applicable to Floating Rate Notes with an Interest Rate Basis of
LIBOR.
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 Deutsche Morgan Grenfell/C.J.
Lawrence Inc. (the "Underwriter"), as principal, at 100% of the
aggregate principal amount less an underwriting discount equal
to 0.053% 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.
