PROSPECTUS Pricing Supplement No. 2699
Dated January 10, 1995 Dated January 17, 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: January 17, 1996
Settlement Date (Original Issue Date): January 22, 1996
Maturity Date: January 24, 2011
Principal Amount (in Specified Currency): US$25,000,000
Price to Public (Issue Price): The Notes are being purchased by
the Underwriter at 100.00% of their principal amount and will be
sold at varying prices to be determined at the time of sale. For
further information with respect to any discounts, commissions or
profits on resales of Notes that may be deemed underwriting
discounts or commissions, see "Plan of Distribution" below.
Agent's Discount or Commission: The Notes will be sold at varying
prices to be determined by the Underwriter at the time of each
sale.
Net Proceeds to Issuer: US$25,000,000
Interest Rate Per Annum: 6.50%
Interest Payment Date(s):
__ March 15 and September 15 of each year
X Other: Monthly on the 24th of each month, commencing
February 24, 1996 (with respect to the period from and
including January 22, 1996 to but excluding February 24,
1996) (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 being
referred to as an "Interest Period")
Repayment, Redemption and Acceleration:
Initial Redemption Date: January 24, 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. 2699
Dated January 17, 1996
Rule 424(b)(3)-Registration Statement
No. 33-60723
Form of Notes:
X DTC registered
__ non-DTC registered
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 the Interest Period commencing
on the Original Issue Date (the "Initial Interest Period") shall
be calculated as described in the Prospectus Supplement under
the caption "Interest and Interest Rates-Fixed Rate Notes."
Accrued interest on the Notes for each subsequent 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
relating to the Initial Interest Period) will remain constant
irrespective of the actual number of days that have elapsed
since the preceding Interest Payment Date.
<PAGE>
(Fixed Rate Notes)
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Pricing Supplement No. 2699
Dated January 17, 1996
Rule 424(b)(3)-Registration Statement
No. 33-60723
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.
Optional Redemption.
The Company may at its option elect to redeem the Notes in whole
on January 24, 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.
Plan of Distribution:
The Notes are being purchased by Lehman Brothers Inc. (the
"Underwriter"), as principal, at 100% of the aggregate principal
amount.
The Underwriter has advised the Company that the Underwriter
proposes to offer the Notes from time to time for sale in
negotiated transactions or otherwise, at prices determined at
the time of sale.
The Company has agreed to indemnify the Underwriter against
certain liabilities, including liabilities under the Securities
Act of 1933, as amended.
