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PROSPECTUS Pricing Supplement No. 3097
Dated January 10, 1995 Dated April 8, 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: April 8, 1998
Settlement Date (Original Issue Date): April 14, 1998
Maturity Date: April 15, 2013 (subject to earlier redemption,
as set forth under "Additional Terms-Redemption")
Principal Amount (in Specified Currency): US$25,000,000
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$25,000,000
Interest Rate Per Annum: 6.40%
Interest Payment Date(s):
___ March 15 and September 15 of each year
X Other: Monthly on the 15th day of each month,
commencing on May 15, 1998 (with respect to the period
from and including April 14, 1998 to but excluding May
15, 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
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.
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(Fixed Rate Notes)
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Pricing Supplement No. 3097
Dated April 8, 1998
Rule 424(b)(3)-Registration Statement No. 33-60723
Repayment, Redemption and Acceleration
Initial Redemption Date: April 15, 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
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.
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(Fixed Rate Notes)
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Pricing Supplement No. 3097
Dated April 8, 1998
Rule 424(b)(3)-Registration Statement No. 33-60723
Optional Redemption.
The Company may at its option elect to redeem the Notes in
whole on April 15, 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.
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.
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(Fixed Rate Notes)
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Pricing Supplement No. 3097
Dated April 8, 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 Salomon Brothers 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.
