PROSPECTUS Pricing Supplement No. 2874
Dated January 10, 1995 Dated August 5, 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: August 5, 1996
Settlement Date (Original Issue Date): August 8, 1996
Maturity Date: August 8, 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: 7.35%
Interest Payment Date(s):
__ March 15 and September 15 of each year
X Other: February 8 and August 8 of each year, commencing on
February 8, 1997
Form of Notes:
X DTC registered
__ non-DTC registered
Repayment, Redemption and Acceleration
Initial Redemption Date: August 8, 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. 2874
Dated August 5, 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.
Interest on the Notes will accrue from and including August 8,
1996 and will be payable in U.S. dollars semi-annually on
February 8 and August 8 each year, commencing February 8, 1997
up to and including the Maturity Date or date of earlier
redemption (each, an "Interest Payment Date").
Optional Redemption.
The Company may at its option elect to redeem the Notes in whole
on August 8, 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. 2874
Dated August 5, 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.
