PROSPECTUS Pricing Supplement No. 2897
Dated January 10, 1995 Dated September 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 Fixed Rate Notes)
Trade Date: September 26, 1996
Settlement Date (Original Issue Date): October 1, 1996
Maturity Date: October 1, 2011 (subject to earlier redemption, as
set forth under "Additional Terms-Redemption")
Principal Amount (in Specified Currency): US$25,000,000
Price to Public (Issue Price): 100.00%
Agent's Discount or Commission: 0.00%
Net Proceeds to Issuer: US$25,000,000
Interest Rate Per Annum: 7.50%
Interest Payment Date(s):
__ March 15 and September 15 of each year
X Other: Monthly on the 1st day of each month, commencing on
November 1, 1996, and ending on the Maturity Date (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
Repayment, Redemption and Acceleration
Initial Redemption Date: October 1, 1997, and on any Interest
Payment Date occurring in October or April thereafter (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.
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(Fixed Rate Notes)
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Pricing Supplement No. 2897
Dated September 26, 1996
Rule 424(b)(3)-Registration Statement
No. 33-60723
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:
Interest.
Accrued interest on the Notes for each 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 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 October 1, 1997 or on any Interest Payment Date occurring in
October or April, 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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(Fixed Rate Notes)
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Pricing Supplement No. 2897
Dated September 26, 1996
Rule 424(b)(3)-Registration Statement
No. 33-60723
Certain Covenants of the Company.
As of August 1, 1996, the Company entered into a supplemental
indenture with The Chase Manhattan Bank, as trustee, eliminating
the covenants of the Company described in the Prospectus under
the caption "Certain Covenants of the Company". Consequently,
the information under such caption is not applicable to the
Notes.
Additional Information:
General.
At June 29, 1996, the Company had outstanding indebtedness
totalling $112.517 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 June 29, 1996 excluding subordinated notes
payable after one year was equal to $111.820 billion.
Consolidated Ratio of Earning to Fixed Charges.
The information contained in the Prospectus under the caption
"Consolidated Ratio of Earnings to Fixed Charges" is hereby
amended in its entirety, as follows:
Year Ended December Six Months Ended
1991 1992 1993 1994 1995 June 29, 1996
1.34 1.44 1.62 1.63 1.51 1.52
For purposes of computing the consolidated ratio of earnings to
fixed charges, earnings consist of net earnings adjusted for the
provision for income taxes, minority interest and fixed charges.
Fixed charges consist of interest and discount on all
indebtedness and one-third of rentals, which the Company
believes is a reasonable approximation of the interest factor of
such rentals.
<PAGE>
(Fixed Rate Notes)
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Pricing Supplement No. 2897
Dated September 26, 1996
Rule 424(b)(3)-Registration Statement
No. 33-60723
Documents Incorporated by Reference.
The information contained in the Prospectus in the first
paragraph of text under the caption "Documents Incorporated by
Reference" is hereby amended in its entirety, as follows: There
is hereby incorporated in the Prospectus by reference the
Company's Annual Report on Form 10-K for the year ended December
31, 1995, the Company's Quarterly Reports on Form 10-Q for the
quarters ended March 31, 1996 and June 29, 1996 and the
Company's Form 8-K dated June 28, 1996 heretofore filed with the
Securities and Exchange Commission pursuant to the 1934 Act, to
which reference is hereby made.
Plan of Distribution:
The Notes are being purchased by Smith Barney Inc. (the
"Underwriter"), as principal, at the Issue Price of 100.00% of
the aggregate principal amount.
The Company has agreed to indemnify the Underwriter against
certain liabilities, including liabilities under the Securities
Act of 1933, as amended.
