PROSPECTUS Pricing Supplement No. 2984
Dated January 10, 1995 Dated March 19, 1997
PROSPECTUS SUPPLEMENT Rule 424(b)(3)-Registration
Dated January 25, 1995 Statement No. 33-60723
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Fixed Rate Notes)
Trade Date: March 19, 1997
Settlement Date (Original Issue Date): March 24, 1997
Maturity Date: March 25, 2002
Principal Amount (in Specified Currency): US$12,000,000
Price to Public (Issue Price): 100.00%
Agent's Discount or Commission: 0.35%
Net Proceeds to Issuer: US$11,958,000
Interest Rate Per Annum: 6.76%
Interest Payment Date(s):
X March 15 and September 15 of each year, commencing on
September 15, 1997 (with respect to the period from and
including March 24, 1997 to but excluding September 15,
1997) and ending on the Maturity Date (with respect to the
period from and including September 15, 2001 to but
excluding March 25, 2002)
___ 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. 2984
Dated March 19, 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 September 28, 1996, the Company had outstanding indebtedness
totalling $114.704 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 28, 1996 excluding subordinated notes
payable after one year was equal to $114.007 billion.
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(Fixed Rate Notes)
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Pricing Supplement No. 2984
Dated March 19, 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 Nine Months Ended
1991 1992 1993 1994 1995 September 28, 1996
1.34 1.44 1.62 1.63 1.51 1.56
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, 1995, the Company's Quarterly Reports on Form 10-Q for the
quarters ended March 30, 1996, June 29, 1996 and September 28,
1996 and the Company's Form 8-K dated June 28, 1996 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 distributed by J.P. Morgan Securities Inc.,
as agent (the "Agent"), at the Issue Price set forth on the
cover page hereof. The Agent will receive a selling commission
equal to 0.35% of the principal amount of the Notes.
