PROSPECTUS Pricing Supplement No. 2866
Dated January 10, 1995 Dated July 12, 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 12, 1996
Settlement Date (Original Issue Date): July 17, 1996
Maturity Date: July 17, 2003 (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): 100.00%
Agent's Discount or Commission: 0.125%
Net Proceeds to Issuer: US$19,975,000
Interest Rate Per Annum: 7.00%
Interest Payment Date(s):
__ March 15 and September 15 of each year
X Other: Monthly on the 17th day of each month, commencing on
August 17, 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: July 17, 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.
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(Fixed Rate Notes)
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Pricing Supplement No. 2866
Dated July 12, 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 July 17, 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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(Fixed Rate Notes)
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Pricing Supplement No. 2866
Dated July 12, 1996
Rule 424(b)(3)-Registration Statement
No. 33-60723
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.
Plan of Distribution:
The Notes are being purchased by Goldman, Sachs & Co. (the
"Underwriter"), as principal, at the Issue Price of 100.00% of
the aggregate principal amount less an underwriting discount
equal to 0.125%.
The Company has agreed to indemnify the Underwriter against
certain liabilities, including liabilities under the Securities
Act of 1933, as amended.
