PROSPECTUS Pricing Supplement No. 3028
Dated January 10, 1995 Dated September 5, 1997
PROSPECTUS SUPPLEMENT Rule 424(b)(3)-Registration Statement
Dated January 25, 1995 No. 33-60723
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Fixed Rate Notes)
Trade Date: September 5, 1997
Settlement Date (Original Issue Date): September 10, 1997
Maturity Date: September 15, 2001
Principal Amount (in Specified Currency): US$250,000,000.00
Price to Public (Issue Price): 100.00%
Agent's Discount or Commission: 0.2420%
Net Proceeds to Issuer: US$249,395,000.00
Interest Rate Per Annum: 6.3500%
Interest Payment Date(s):
X March 15 and September 15 of each year, commencing on
March 15, 1998 (with respect to the period from and
including September 10, 1997 to but excluding March 15,
1998)
___ Other:
Form of Notes:
X DTC registered ___ non-DTC registered
Repayment, Redemption and Acceleration
Optional Repayment Date(s): N/A
Initial Redemption Date: N/A
Initial Redemption Percentage: 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. 3028
Dated September 5, 1997
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:
Certain Covenants of the Company.
As of August 1, 1996, the Company entered into a supplemental
indenture with The Chase Manhattan Bank, as trustee, eliminating
the covenants of the Company described in the Prospectus under
the caption "Certain Covenants of the Company". Consequently,
the information under such caption is not applicable to the
Notes.
Additional Information:
General.
At June 28, 1997 the Company had outstanding indebtedness
totaling $121.845 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 June 28, 1997 excluding subordinated notes
payable after one year was equal to $121.148 billion.
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(Fixed Rate Notes)
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Pricing Supplement No. 3028
Dated September 5, 1997
Rule 424(b)(3)-Registration Statement
No. 33-60723
Consolidated Ratio of Earning to Fixed Charges.
The information contained in the Prospectus under the caption
"Consolidated Ratio of Earnings to Fixed Charges" is hereby
amended in its entirety, as follows:
Year Ended December 31, Three Months Ended
1992 1993 1994 1995 1996 June 28, 1997
1.44 1.62 1.63 1.51 1.53 1.55
For purposes of computing the consolidated ratio of earnings to
fixed charges, earnings consist of net earnings adjusted for the
provision for income taxes, minority interest and fixed charges.
Fixed charges consist of interest and discount on all
indebtedness and one-third of rentals, which the Company
believes is a reasonable approximation of the interest factor
of such rentals.
Documents Incorporated by Reference.
The information contained in the Prospectus in the first
paragraph of text under the caption "Documents Incorporated by
Reference" is hereby amended in its entirety, as follows: There
is hereby incorporated in the Prospectus by reference the
Company's Annual Report on Form 10-K for the year ended December
31, 1996 and the Company's Quarterly Reports on Form 10-Q for
the quarters ended March 29, 1997 and June 28, 1997 heretofore
filed with the Securities and Exchange Commission pursuant to
the 1934 Act, to which reference is hereby made.
Plan of Distribution:
The Notes are being purchased by the following financial
institutions (the "Underwriters"), as principal, at 100% of the
aggregate principal amount less an underwriting discount equal
to 0.2420% of the principal amount of the Notes:
Financial Institutions Amount of Notes
Lehman Brothers Inc. US$225,000,000
Chase Securities Inc. 25,000,000
Total US$250,000,000
The Company has agreed to indemnify the Underwriters against
certain liabilities, including liabilities under the Securities
Act of 1933, as amended.
