PROSPECTUS Pricing Supplement No. 3079
Dated January 10, 1995 Dated March 27, 1998
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: March 27, 1998
Settlement Date (Original Issue Date): April 1, 1998
Maturity Date: November 14, 2000
Principal Amount (in Specified Currency): US$150,000,000
Price to Public (Issue Price): 99.925%
Agent's Discount
or Commission: 0.175%
Net Proceeds to Issuer: US$149,625,000
Interest Rate Per Annum: 5.85%
Interest Payment Date(s):
__ March 15 and September 15 of each year
X Other: Semi-Annually on May 12 and November 12,
commencing on May 12, 1998 (with respect to the
period from and including April 1, 1998 to but
excluding May 12, 1998) and ending on the Maturity
Date (with respect to the period from and including
May 12, 2000 to but excluding the Maturity Date)
Form of Notes:
X DTC registered ___ non-DTC registered
Repayment, Redemption and Acceleration
Initial Redemption Date: Not applicable ("N/A")
Initial Redemption Percentage: N/A
Optional Repayment Date: 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.
(Fixed Rate Notes)
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Pricing Supplement No. 3079
Dated March 27, 1998
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 April 1,
1998 and will be payable in U.S. dollars semi-annually on May
12 and November 12 each year, commencing May 12, 1998 (with
respect to the period from and including April 1, 1998 to but
excluding May 12, 1998) and on the Maturity Date (with respect
to the period from and including May 12, 2000 to but excluding
the Maturity Date). interest will accrue from and including
each Interest Payment Date to but excluding the next
succeeding pInterest 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.
(Fixed Rate Notes)
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Pricing Supplement No. 3079
Dated March 27, 1998
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. As of February 27, 1997, the
Company entered into a Third Amended and Restated Indenture
with the Trustee. References in the accompanying Prospectus
Supplement and Prospectus to "Indenture" shall be amended to
refer to such Third Amended and Restated Indenture.
Additional Information:
General.
At December 31, 1997, the Company had outstanding indebtedness
totalling $136.814 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 December 31, 1997 excluding subordinated notes
payable after one year was equal to $136.117 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,
1993 1994 1995 1996 1997
1.62 1.63 1.51 1.53 1.48
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.
(Fixed Rate Notes)
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Pricing Supplement No. 3079
Dated March 27, 1997
Rule 424(b)(3)-Registration Statement
No. 33-60723
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, 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 Lehman Brothers Inc. (the
"Underwriter"), as principal, at the Issue Price of 99.925% of
the aggregate principal amount less an underwriting discount
equal to 0.175%.
The Company has agreed to indemnify the Underwriter against
certain liabilities, including liabilities under the
Securities Act of 1933, as amended.
