PROSPECTUS Pricing Supplement No. 3041
Dated January 10, 1995 Dated October 28, 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: October 28, 1997
Settlement Date (Original Issue Date): October 31, 1997
Maturity Date: August 15, 2000
Principal Amount (in Specified Currency): US$200,000,000.00
Price to Public (Issue Price): 100.00%
Agent's Discount or Commission: 0.175%
Net Proceeds to Issuer: US$199,650,000
Interest Rate Per Annum: 6.12%
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 October 31, 1997 to but excluding March 15,
1998) and the Maturity Date (with respect to the period
from and including March 15, 2000 to but excluding August
15, 2000)
___ 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.
<PAGE 2> (Fixed Rate Notes)
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Pricing Supplement No. 3041
Dated October 28, 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 27, 1997 the Company had outstanding
indebtedness totaling $124.611 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 27, 1997
excluding subordinated notes payable after one year was equal
to $123.914 billion.
<PAGE 3> (Fixed Rate Notes)
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Pricing Supplement No. 3041
Dated October 28, 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, Nine Months Ended
1992 1993 1994 1995 1996 September 27, 1997
1.44 1.62 1.63 1.51 1.53 1.49
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, June 28, 1997 and
September 27, 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 Merrill Lynch, Pierce, Fenner
& Smith Incorporated (the "Underwriter"), as principal, at
100% of the aggregate principal amount less an underwriting
discount equal to 0.175% of the principal amount of the Notes.
The Company has agreed to indemnify the Underwriter against
certain liabilities, including liabilities under the
Securities Act of 1933, as amended.
