PROSPECTUS Pricing Supplement No. 2698
Dated January 10, 1995 Dated January 16, 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
(Floating Rate Notes)
Trade Date: January 16, 1996
Settlement Date (Original Issue Date): January 19, 1996
Maturity Date: January 20, 1998
Principal Amount (in Specified Currency): US$100,000,000
Price to Public (Issue Price): 100.00%
Agent's Discount or Commission: 0.00%
Net Proceeds to Issuer (in Specified Currency): US$100,000,000
Interest Rate:
Interest Calculation:
X Regular Floating Rate
__ Inverse Floating Rate
__ Other Floating Rate
Interest Rate Basis: __ CD Rate __ Commercial Paper Rate
X Federal Funds Rate (See "Additional Terms--Interest" below)
__ LIBOR __ Prime Rate __ Treasury Rate
__ Other (See "Additional Terms--Interest" below).
Spread (Plus or Minus): plus 0.160%
Spread Multiplier: N/A
Index Maturity: N/A
Index Currency: N/A
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
Interest Payment Period: Quarterly
Interest Payment Dates: Each January 20, April 20, July 20 and
October 20, commencing April 20, 1996 (with respect to the
period from and including January 19, 1996 to but excluding
April 20, 1996), and ending on the Maturity Date.
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.
<PAGE>
(Floating Rate Notes)
Page 2
Pricing Supplement No. 2698
Dated January 16, 1996
Rule 424(b)(3)-Registration Statement
No. 33-60723
Initial Interest Rate Per Annum: The interest rate applicable
to the period from and including the Original Issue Date to but
excluding the first Interest Reset Date shall be 5.69%.
Interest Reset Periods and Dates: Weekly, on each Tuesday and
on each Interest Payment Date.
Interest Determination Dates: The Friday immediately preceding
each Interest Reset Date.
Form of Notes:
X DTC registered
__ non-DTC registered
Repayment, Redemption and Acceleration:
Optional Repayment Date: N/A
Annual Redemption Percentage Reduction: N/A
Initial Redemption Date: N/A
Initial Redemption Percentage: N/A
Original Issue Discount
Amount of OID: N/A
Interest Accrual Date: N/A
Yield to Maturity: 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
<PAGE>
(Floating Rate Notes)
Page 3
Pricing Supplement No. 2698
Dated January 16, 1996
Rule 424(b)(3)-Registration Statement
No. 33-60723
Indexed Notes:
Currency Base Rate: N/A
Additional Terms:
Interest.
The interest rate applicable to each weekly Interest Reset
Period will equal the Federal Funds Rate (as defined below) plus
the Spread set forth on the cover page of this Pricing
Supplement. Interest will be payable quarterly on each January
20, April 20, July 20 and October 20, commencing on April 20,
1996 (with respect to the period from and including January 19,
1996 to but excluding April 20, 1996), and on the Maturity Date
(each, an "Interest Payment Date"). Interest will reset on each
Tuesday and on each Interest Payment Date (each, an "Interest
Reset Date") from the Original Issue Date up to but excluding
the Maturity Date. The Interest Determination Date with respect
to an Interest Reset Date will be Friday immediately preceding
such Interest Reset Date. Interest payments on the Notes will
equal the amount of interest accrued from and including the next
preceding Interest Payment Date in respect of which interest has
been paid (or from and including the Original Issue Date, if no
interest has been paid with respect to the Notes) to but
excluding the related Interest Payment Date.
"Federal Funds Rate" means, with respect to an Interest Reset
Date, the rate (expressed as a percentage per annum) that
appears opposite the caption "Federal Funds FRB-H.15" for the
seven- day period ending on the Wednesday preceding the Interest
Determination Date pertaining to such Interest Reset Date on
Telerate Page 122 (as defined below) as of 11:00 a.m., New York
City time, on such Interest Determination Date; if such rate is
not available on Telerate Page 122 for any Interest
Determination Date, than the "Fed Funds Rates" for the related
Interest Reset Date shall be the "Federal Funds (effective) Week
Ending" rate applicable to such Interest Determination Date as
published in Federal Reserve Statistical Release H.15(519); if
such rate is not available on Telerate Page 122 or H.15(519) for
any Interest Determination Date, than the rate shall be
determined by the Calculation Agent based upon the arithmetic
mean of the rates for the last transaction in overnight United
States dollar Federal funds as of 9:00 a.m., New York City time,
on such Interest Determination Date arranged by three leading
<PAGE>
(Floating Rate Notes)
Page 4
Pricing Supplement No. 2698
Dated January 16, 1996
Rule 424(b)(3)-Registration Statement
No. 33-60723
brokers of Federal funds transactions in The City of New York
selected by the Calculation Agent; provided, however, that if
the brokers selected as aforesaid by the Calculation Agent are
not quoting as set forth above, the Federal Funds Rate with
respect to such Interest Determination Date shall be the Federal
Funds Rate in effect on such Interest Determination Date.
"Telerate Page 122" means the display designated as "Page 122"
on the Telerate Service (or such other page as may replace Page
122 on that service or such other service as may be nominated as
the information vendor for the purpose of displaying Federal
funds rates).
Salomon Brothers Inc shall act as the Calculation Agent for the
Notes.
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 distributed by Salomon Brothers Inc, as
agent (the "Agent"), at the Issue Price set forth on the cover
page hereof.
