PROSPECTUS Pricing Supplement No. 3140
Dated January 10, 1995 Dated May 28, 1998
PROSPECTUS SUPPLEMENT Rule 424(b)(3)-Registration Statement
No. 33-60723
Dated January 25, 1995
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Redeemable Fixed Rate Notes)
Trade Date: May 28, 1998
Settlement Date (Original Issue Date): June 2, 1998
Maturity Date: June 3, 2013 (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 any Notes sold with
more than a de minimis amount of
original issue discount, see "United
States Tax Considerations" in the
accompanying Prospectus Supplement. 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: 6.30%
Interest Payment Date(s):
___ March 15 and September 15 of each year
XOther: Monthly on the 3rd day of each month,
commencing on July 3, 1998 (each period from and
including an Interest Payment Date or the Original
Issue Date, as the case may be, to but excluding the
next succeeding Interest Payment Date is referred to
herein as an "Interest Period")
Form of Notes:
X DTC registered ____ non-DTC registered
Repayment, Redemption and Acceleration
Initial Redemption Date: June 3, 1999, and thereafter on
any Interest Payment Date (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> (Fixed Rate Notes)
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Pricing Supplement No. 3140
Dated May 28, 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.
Accrued interest on the Notes for each Interest Period shall
be calculated and paid based on the number of days in such
Period divided by 360 (the number of days in such Period to be
calculated on the basis of a year of 360 days consisting of
twelve 30-day months). As a result, the amount payable on
each Interest Payment Date will remain constant irrespective
of the actual number of days that have elapsed since the
preceding Interest Payment Date.
Optional Redemption.
The Company may at its option elect to redeem the Notes in
whole on June 3, 1999 or on any Interest Payment Date
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> (Fixed Rate Notes)
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Pricing Supplement No. 3140
Dated May 28, 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 (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:
General
At March 28, 1998, the Company had outstanding indebtedness
totalling $138.313 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 March 28, 1998 excluding subordinated notes
payable after one year was equal to $137.616 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, Three Months Ended
1993 1994 1995 1996 1997 March 28,1998
1.62 1.63 1.51 1.53 1.48 1.54
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 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 Report on Form
10-Q for the quarter ended March 28, 1998, heretofore filed
with the Securities and Exchange Commission pursuant to the
Securities Exchange Act of 1934, as amended, to which
reference is hereby made.
<PAGE> (Fixed Rate Notes)
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Pricing Supplement No. 3140
Dated May 28, 1998
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 to be 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.
