PROSPECTUS Pricing Supplement No. 3039
Dated January 10, 1995 Dated October 16, 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
(Redeemable Fixed Rate Notes)
Trade Date: October 16, 1997
Settlement Date (Original Issue Date): October 21, 1997
Maturity Date: October 22, 2012 (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): 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$20,000,000
Interest Rate Per Annum: 7.00%
Interest Payment Date(s):
___ March 15 and September 15 of each year
X Other: Semi-annually on April 22 and October
22, commencing on April 22, 1998 (with respect to
the period from and including October 21, 1997 to
but excluding April 22, 1998)
Form of Notes:
X DTC registered ___ non-DTC registered
Repayment, Redemption and Acceleration
Initial Redemption Date: October 22, 1998, and thereafter on the
22nd day of each month (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.
<PAGE 2> (Fixed Rate Notes)
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Pricing Supplement No. 3039
Dated October 16, 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:
Interest.
Interest on the Notes will accrue from and including October
21, 1997 and will be payable in U.S. dollars semi-annually on
April 22 and October 22 of each year, commencing April 22,
1998 (with respect to the period from and including October
21, 1997 to but excluding April 22, 1998) up to and including
the Maturity Date or date of earlier redemption (each, an
"Interest Payment Date"). Interest will accrue from and
including each Interest Payment Date to but excluding the next
succeeding Interest Payment Date. In the event an Interest
Payment Date falls on a day other than a Business Day,
interest will be paid on the next succeeding Business Day and
no interest on such payment shall accrue for the period from
and after such Interest Payment Date to such next succeeding
Business Day.
Optional Redemption.
The Company may at its option elect to redeem the Notes in
whole on October 22, 1998 or on the 22nd of each month
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.
<PAGE 3> (Fixed Rate Notes)
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Pricing Supplement No. 3039
Dated June 12, 1997
Rule 424(b)(3)-Registration Statement
No. 33-60723
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
totalling $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.
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, Six 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.
<PAGE 4> (Fixed Rate Notes)
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Pricing Supplement No. 3039
Dated October 16, 1997
Rule 424(b)(3)-Registration Statement
No. 33-60723
Plan of Distribution:
The Notes are being purchased by Bear, Stearns & Co. Inc. (the
"Underwriter"), as principal, at the Issue Price of 100.00% 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.
