PROSPECTUS Pricing Supplement No. 2799
Dated January 10, 1995 Dated February 29, 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: February 29, 1996
Settlement Date (Original Issue Date): March 5, 1996
Maturity Date: March 7, 2011 (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: 7.05%
Interest Payment Date(s):
__ March 15 and September 15 of each year
X Other: Monthly, commencing on April 5, 1996, and ending on
the Maturity Date (with respect to the period from and
including the preceding Interest Payment Date on February
5, 2011 to but excluding 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: March 5, 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: /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. 2799
Dated February 29, 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 (other
than the Interest Period commencing on February 5, 2011 (the
"Final 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 (other than the
Interest Payment Date with respect to the Final Interest Period
occurring on the Maturity Date) will remain constant
irrespective of the actual number of days that have elapsed
since the preceding Interest Payment Date. Accrued interest on
the Notes for the Final Interest Period shall be calculated as
described in the Prospectus Supplement under the caption
"Interest and Interest Rates--Fixed Rate Notes."
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(Fixed Rate Notes)
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Pricing Supplement No. 2799
Dated February 29, 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 March 5, 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 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. (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.