PROSPECTUS Pricing Supplement No. 3093
Dated January 10, 1995 Dated April 6, 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
(Redeemable Fixed Rate Notes)
Trade Date: April 6, 1998
Settlement Date (Original Issue Date): April 9, 1998
Maturity Date: April 9, 2013 (subject to earlier redemption, as
set forth under "Additional Terms-Redemption")
Principal Amount (in Specified Currency): US$10,000,000
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 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$10,000,000
Interest Rate Per Annum: 6.40%
Interest Payment Date(s):
___ March 15 and September 15 of each year
X Other: Monthly on the 9th day of each month,
commencing on May 9, 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: April 9, 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 2> (Fixed Rate Notes)
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Pricing Supplement No. 3093
Dated April 6, 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 April 9, 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 3> (Fixed Rate Notes)
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Pricing Supplement No. 3093
Dated April 6, 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 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.
<PAGE 4> (Fixed Rate Notes)
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Pricing Supplement No. 3093
Dated April 6, 1998
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 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 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.
