PROSPECTUS Pricing Supplement No. 3444
Dated April 28, 1999 Dated August 31, 1999
PROSPECTUS SUPPLEMENT Rule 424(b)(3)-Registration Statement
Dated May 3, 1999 No.'s 333-59707 and 333-76479
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Redeemable Fixed Rate Notes)
Trade Date: August 31, 1999
Settlement Date (Original Issue Date): September 22, 1999
Maturity Date: September 22, 2009 (subject to earlier
redemption, as set forth under "Additional Terms-
Optimal Redemption")
Principal Amount (in Specified Currency): US$100,000,000
Price to Public (Issue Price):100.00%
Agent's Discount or Commission: 1.250%
Net Proceeds to Issuer: US$98,750,000
Interest Rate Per Annum: 7.50%
Interest Payment Date(s):
X Semi-Annually on March 22nd and September 22nd of each
year, commencing March 22, 2000. (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: September 22, 2000 (See
"Additional Terms-Optional
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> (Fixed Rate Notes)
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Pricing Supplement No. 3444
Dated August 31, 1999
Rule 424(b)(3)-Registration Statement
No.'s 333-59707 and 333-76479
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 Interest
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 or in part on September 22, 2000 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 at least
30 days prior to the Redemption Date.
<PAGE> (Fixed Rate Notes)
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Pricing Supplement No. 3444
Dated August 31, 1999
Rule 424(b)(3)-Registration Statement
No.'s 333-59707 and 333-76479
Additional Information:
General.
At June 26, 1999, the Company had outstanding indebtedness
totalling $172.790 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 26, 1999 excluding subordinated notes
payable after one year was equal to $172.093 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
1994 1995 1996 1997 1998 June 26, 1999
1.63 1.51 1.53 1.48 1.50 1.58
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.
Plan of Distribution:
The Notes are being purchased by Salomon Smith Barney Inc.
(the "Underwriter"), as principal, at the Issue Price of
100.00% of the aggregate principal amount less an underwriting
discount equal to 1.250% of the principal amount of the Notes.
The Company has agreed to indemnify the Underwriter against
certain liabilities, including liabilities under the
Securities Act of 1933, as amended.
