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p:\edgarwp\mtns\mtn3111.doc
PROSPECTUS Pricing Supplement No. 3111
Dated January 10, 1995 Dated April 28, 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: April 28, 1998
Settlement Date (Original Issue Date): May 1, 1998
Maturity Date: May 1, 2013
Principal Amount (in Specified Currency): US$20,000,000
Price to Public (Issue Price): 100.00%
Agent's Discount or Commission: 0.125%
Net Proceeds to Issuer: US$19,975,000
Interest Rate Per Annum: 6.50%
Interest Payment Date(s):
March 15 and September 15 of each year
X Other: Monthly on the 1st of each month,
commencing on June 1, 1998 (with respect to the
period from and including May 1, 1998 to but
excluding June 1, 1998) and the Maturity Date (with
respect to the period from and including April 1,
2013 to but excluding May 1, 2013)
Form of Notes:
X DTC registered ____ non-DTC registered
Repayment, Redemption and Acceleration
Initial Redemption Date: May 1, 1999, and thereafter on
any Interest Payment Date (See
"Additional Terms--Redemption" below)
Initial Redemption Percentage: 100%
Optional Repayment Date(s): 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.
(Fixed Rate Notes)
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Pricing Supplement No. 3111
Dated April 28, 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.
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 May 1, 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.
(Fixed Rate Notes)
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Pricing Supplement No. 3111
Dated April 28, 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 (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.
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.
(Fixed Rate Notes)
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Pricing Supplement No. 3111
Dated April 28, 1998
Rule 424(b)(3)-Registration
Statement No. 333-07469
Plan of Distribution:
Goldman, Sachs & Co. is acting as agent in connection
with the distribution of the Notes. The Agent will
receive a selling commission equal to 0.125% of the
principal amount of the Notes.
