PROSPECTUS Pricing Supplement No. 3190
Dated January 10, 1995 Dated August 21, 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
(Fixed Rate Notes)
Trade Date: August 21, 1998
Settlement Date (Original Issue Date): August 26, 1998
Maturity Date: August 15, 2001
Principal Amount (in Specified Currency): US$100,000,000
Price to Public (Issue Price): 99.8970%
Agent's Discount
or Commission: 0.250%
Net Proceeds to Issuer: US$99,647,000
Interest Rate Per Annum: 5.65%
Interest Payment Date(s):
_ March 15 and September 15 of each year
X Other: Semi-Annually on August 15 and February 15,
commencing on February 15, 1999 (with respect to the
period from and including August 26, 1998 to but
excluding February 15, 1999) and ending on the
Maturity Date (with respect to the period from and
including February 15, 2001 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.
<PAGE> (Fixed Rate Notes)
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Pricing Supplement No. 3190
Dated August 21, 1998
Rule 424(b)(3)-Registration Statement
No.333-07469
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 August
26, 1998 and will be payable in U.S. dollars semi-annually on
February 15 and August 15 of each year, commencing February
15, 1999 (with respect to the period from and including August
26, 1998 to but excluding February 15, 1999) and on the
Maturity Date (with respect to the period from and including
February 15, 2001 to but excluding the Maturity Date).
Interest will accrue from and including each Interest Payment
Date to but excluding the next succeeding Interest 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.
<PAGE> (Fixed Rate Notes)
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Pricing Supplement No. 3190
Dated August 21, 1998
Rule 424(b)(3)-Registration Statement
No. 333-07469
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 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)
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Pricing Supplement No. 3190
Dated August 21, 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 amended,
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 99.8970%
of the aggregate principal amount less an underwriting
discount equal to 0.250%.
The Company has agreed to indemnify the Underwriter against
certain liabilities, including liabilities under the
Securities Act of 1933, as amended.
