PROSPECTUS Pricing Supplement No. 3202
Dated January 10, 1995 Dated September 1, 1998
PROSPECTUS SUPPLEMENT Rule 424(b)(3)-Registration Statement
No. 333-07469
Dated January 25, 1995
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Floating Rate Notes)
Trade Date: September 1, 1998
Settlement Date (Original Issue Date): September 3, 1998
Maturity Date: September 3, 1999
Principal Amount (in Specified Currency): USD100,000,000
Price to Public (Issue Price): 100.00%
Agent's Discount or Commission: 0.050%
Net Proceeds to Issuer (in Specified Currency): USD99,950,000
Interest Rate:
Interest Calculation:
X Regular Floating Rate
_ Inverse Floating Rate
_ Other Floating Rate
Interest Rate Basis: _ CD Rate _ Commercial Paper Rate
_ Federal Funds Rate (See "Additional Terms - Interest" below)
X LIBOR _ Prime Rate _ Treasury Rate
_ Other (See "Additional Terms - Interest" below)
Spread (Plus or Minus): plus 0.00% basis points
Spread Multiplier: N/A
Index Maturity: 3 Months
Index Currency: U.S. Dollar
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
Interest Payment Period: Quarterly
Interest Payment Dates: Each March 3, and June 3, September 3
and December 3 commencing December 3, 1998
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> (Floating Rate Notes)
Page 2
Pricing Supplement No. 3202
Dated September 1, 1998
Rule 424(b)(3)-Registration Statement
No. 33-07469
Initial Interest Rate Per Annum: To be Determined two
London Banking Days prior to the Original
Issue Date. "London Banking Day" means any day on which
commercial banks are open for business (including dealings in
foreign exchange and foreign currency deposits) in London,
England.
Interest Reset Periods and Dates: Quarterly on each
Interest Payment Date.
Interest Determination Dates: Two London Banking Days prior
to each Interest Reset Date.
Form of Notes:
X DTC registered _ non-DTC registered
Repayment, Redemption and Acceleration:
Optional Repayment Date: N/A
Annual redemption Percentage Reduction: N/A
Initial Redemption Date: N/A
Initial Redemption Percentage: N/A
Original Issue Discount
Amount of OID: N/A
Interest Accrual Date: N/A
Yield to Maturity: 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
Indexed Notes:
Currency Base Rate: N/A
<PAGE> (Floating Rate Notes)
Page 3
Pricing Supplement No. 3202
Dated September 1, 1998
Rule 424(b)(3)-Registration Statement
No. 333-07469
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 (the
"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:
The Calculation Agent for the Notes will be Deutsche Bank
Securities Inc.
General.
At June 27, 1998, the Company had outstanding indebtedness
totalling $144.969 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 27,1998 excluding
subordinated notes payable after one year was equal to
$144.272 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
1993 1994 1995 1996 1997 June 27, 1998
1.62 1.63 1.51 1.53 1.48 1.50
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.
<PAGE> (Floating Rate Notes)
Page 4
Pricing Supplement No. 3202
Dated September 1, 1998
Rule 424(b)(3)-Registration Statement
No. 333-07469
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 are hereby incorporated in the Prospectus by reference
the Company's Annual Report on Form 10-K for the year ended
December 31, 1997, and the Company's Quarterly Reports on
Form 10-Q for the quarters ended March 28, 1998 and June 27,
1998, heretofore filed with the Securities and Exchange
Commission pursuant to the Securities Exchange Act of 1934,
as amendced, to which reference is hereby made.
Plan of Distribution:
Deutsche Bank Securities Inc. is acting as agent in connection
with the distribution of the Notes. The Agent will receive a
selling commission equal to 0.050% of the principal amount of
the Notes.
