PROSPECTUS Pricing Supplement No. 3121
Dated January 10, 1995 Dated April 29, 1998
PROSPECTUS SUPPLEMENT Rule 424(b)(3)-Registration Statement
Dated January 25, 1995 No. 333-07469
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Fixed Rate Notes)
Trade Date: April 29, 1998
Settlement Date (Original Issue Date): May 4, 1998
Maturity Date: May 4, 2000
Principal Amount (in Specified Currency): US$5,000,000.00
Price to Public (Issue Price): 100.00%
Agent's Discount or Commission: .175%
Net Proceeds to Issuer: US$4,991,250.00
Interest Rate Per Annum: 5.96%
Interest Payment Date(s):
X March 15 and September 15 of each year (with respect
to the period from and including May 4, 1998 to but
excluding September 15, 1998) and on the Maturity Date
(with respect to the period from and including March 15,
2000 to but excluding May 4, 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> (Fixed Rate)
Page 2
Pricing Supplement No. 3121
Dated April 29, 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:
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
<PAGE> (Fixed Rate)
Page 3
Pricing Supplement No. 3121
Dated April 29, 1998
Rule 424(b)(3)-Registration Statement
No. 333-07469
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.
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, 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:
J. P. Morgan Securities Inc. is acting as agent in connection
with the distribution of the notes. The Agent will receive a
selling commission equal to .175% of the principal amount of
the Notes.
